Tiered electricity price energy storage

How does a tiered electricity pricing policy affect residential electricity use?

Therefore, the tiered pricing reform has a significant impact on the decline of residential electricity use, and can achieve the policy goal of motivating the residents to save the energy use. Secondly, under the tiered electricity pricing policy, the stronger the policy intensity is, the more the residential electricity use will drop.

What is a tiered electricity price?

The tiered electricity pricing not only increases the average price of residential electricity, but also keeps the cost of electricity use of low-income households unchanged as before, taking into consideration of both efficiency and social fairness.

What is tiered electricity price (Tep)?

Therefore, the Tiered electricity price (TEP) was introduced in China residential electricity consumption area, aiming to improve the status of cross subsidies by increasing block price. At the same time, it can also improve the utilization efficiency of electric power and relieve the pressure on energy supply.

Does tiered electricity pricing reduce cross-subsidization in China?

Introduction The tiered electricity pricing (TEP) policy in China has promoted residents' electricity-saving behavior, and reduced the distortion of cross-subsidization to some extent ( Sun, 2015 ). With the economic and social development in China, the demand for electricity is increasing as residents pursue high quality of life.

Is tiered electricity pricing a welfare-improving mechanism?

Although the tiered electricity pricing cannot completely achieve the free-market pricing, it gradually reforms the pricing mechanism of residential electricity in China by raising the marginal consumption price. In the literature, many studies show that the tiered electricity pricing mechanism could be welfare-improving.

What is residential tiered electricity pricepricing (rtep) in China?

Finally, conclusions are drawn in Section 5. 2. Residential tiered electricity pricepricing (RTEP) in China 2.1. Electricity pricing in China Electricity is a special secondary energy, which was converted by other primary energy and could meet the production and living demand after transmission and exchange.