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Unformatted text preview: Characteristics of home are not capitalized in the resale value of the home. Ln(KWh) = c + b i (Pool) Sales price = c + * efficiency KWh Solar 7% price increase on resale Increasing-Block Pricing: (Borenstein) Baseline = average family Econ assumption: faced with a non-linear price schedule, people will reduce consumption Run experiment: Observe how people change consumption patterns when faced with large price increase (consumers in the 400%tile) vs. consumption patterns when faced with no prince change (<100%). Consumers: Save past electricity bills, observe changes. Problem: We get our past month consumption, not current. Difficult to manage. Smart meter: $100 installation Test benefits of smart meter by observing where they fall on price schedule do they avoid the jumps? Data limitation: no demographic data besides zip code...
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- Fall '09