Journal
ENERGIES
Volume 14, Issue 21, Pages -Publisher
MDPI
DOI: 10.3390/en14216954
Keywords
appliances; increasing-block-rate tariff; electricity prices; energy efficiency gap
Categories
Funding
- Grant Agency of Charles University [454120]
- European Unions H2020-MSCA-RISE project GEMCLIME-2020 [681228]
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This study provides empirical evidence on the relationship between increasing-block-rate (IBR) pricing of electricity and households' propensity to buy major electrical appliances. The findings suggest that price-based energy policies may effectively shape household behavior by increasing the purchase of major electrical appliances.
This paper provides empirical evidence on the relationship between the increasing-block-rate (IBR) pricing of electricity and the propensity of households to buy major electrical appliances. I use a variation from a natural experiment in Russia that introduced IBR pricing for residential electricity in a number of experimental regions in 2013. The study employs household-level panel data, which records, among others, whether the household has purchased any major electrical appliances during the last three months. Using a difference-in-differences specification, I show that the purchase of major electrical appliances in the regions with IBR pricing has increased by more than 20% (or more than two percentage points). The findings suggest that price-based energy policies may be an effective tool in shaping the behaviour of households.
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