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  Do benefits from dynamic tariffing rise? Welfare effects of real-time retail pricing under carbon taxation and variable renewable electricity supply

Gambardella, C., Pahle, M., Schill, W.-P. (2020): Do benefits from dynamic tariffing rise? Welfare effects of real-time retail pricing under carbon taxation and variable renewable electricity supply. - Environmental and Resource Economics, 75, 1, 183-213.
https://doi.org/10.1007/s10640-019-00393-0

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 Creators:
Gambardella, Christian1, Author              
Pahle, Michael1, Author              
Schill, W.-P.2, Author
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1Potsdam Institute for Climate Impact Research, ou_persistent13              
2External Organizations, ou_persistent22              

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 Abstract: We analyze the gross welfare gains from real-time retail pricing in electricity markets where carbon taxation induces investment in variable renewable technologies. Applying a stylized numerical electricity market model, we find a U-shaped association between carbon taxation and gross welfare gains. The benefits of introducing real-time pricing can accordingly be relatively low at relatively high carbon taxes and vice versa. The non-monotonous change in welfare gains can be explained by corresponding changes in the inefficiency arising from “under-consumption” during low-price periods rather than by changes in wholesale price volatility. Our results may cast doubt on the efficiency of ongoing roll-outs of advanced meters in many electricity markets, since net benefits might only materialize at relatively high carbon tax levels and renewable supply shares.

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 Dates: 2020
 Publication Status: Finally published
 Pages: -
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 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1007/s10640-019-00393-0
PIKDOMAIN: RD3 - Transformation Pathways
eDoc: 8839
Research topic keyword: Economics
Research topic keyword: Climate Policy
Research topic keyword: Energy
Research topic keyword: Decarbonization  
Research topic keyword: Carbon Pricing
Model / method: Open Source Software
Regional keyword: Germany
Organisational keyword: RD3 - Transformation Pathways
Working Group: Climate & Energy Policies
 Degree: -

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Title: Environmental and Resource Economics
Source Genre: Journal, SCI, Scopus
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Pages: - Volume / Issue: 75 (1) Sequence Number: - Start / End Page: 183 - 213 Identifier: Other: Springer Science+Business Media B.V.
Other: 1573-1502
ISSN: 0924-6460
CoNE: https://publications.pik-potsdam.de/cone/journals/resource/environmental-resource-economics
Publisher: Springer