The Distributional Impacts of Real-Time Pricing in the Spanish Residential Electricity Market

Mar Reguant
Northwestern University
Monday, March 8, 2021 – 01:30 – 02:45 PM (CET)
Live virtual event: please register for this talk via Zoom

Seminar Abstract
While the benefits of Real-Time Pricing (RTP) of electricity are well known, less is known about their distributional impacts. In this paper, we examine the distributional impacts of RTP by leveraging on a country-wide field experiment: starting in 2015, RTP has become the default option for most Spanish households. Access to hourly consumption data during more than a year for over 4M households allows us to compute the bill impacts of the switch from flat rates to RTP. By examining the households' sociodemographic characteristics, we document who wins and who loses from RTP. We propose a method to infer consumers' unobserved income combining highly granular data with information of the distribution of income at the zip code level. Our results suggest that the distributional impacts of RTP were quite small and, if anything, slightly progressive.

Speaker Bio
Please see the Mar Reguant's personal website.

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