Abstract
This paper estimates the price-induced impacts of decarbonization policy on CO₂ emissions in California and the Pacific Northwest. We document that retail demands for electricity and natural gas by customer class are highly price-inelastic. Based on the heat rates of natural-gas-fired generation, we find that a 10% electricity rate increase due to electricity decarbonization may not have the consumption effects of further reducing the region's CO₂ emissions. Copyright © 2017 Elsevier Inc. All rights reserved.
Original language | English |
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Pages (from-to) | 44-49 |
Journal | The Electricity Journal |
Volume | 30 |
Issue number | 10 |
Early online date | Nov 2017 |
DOIs | |
Publication status | Published - Dec 2017 |
Citation
Woo, C. K., Liu, Y., Luo, X., Shiu, A., & Zarnikau, J. (2017). Consumption effects of electricity decarbonization: Evidence from California and the Pacific Northwest. The Electricity Journal, 30(10), 44-49. doi: 10.1016/j.tej.2017.11.007Keywords
- Consumption effects
- Electricity decarbonization
- California
- Pacific Northwest