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|Title: ||A Comparison of Electricity-Pricing Schemes: Equity, Cost-Recovery, and Economic Efficiency|
|Authors: ||Hung, Ming-Feng;Chie, Bin-Tzong;Liao, Huei-Chu|
|Keywords: ||residential electricity;efficiency;affordability;cost recovery;consumer’s surplus;floating increasing-block pricing|
|Issue Date: ||2016-08-18 13:41:09 (UTC+8)|
|Abstract: ||Electricity pricing is the main economic instrument used to charge for residential|
electricity and to manage its consumption. A regulated price in general cannot reflect
the true value of electricity. However, a market-based electricity-pricing scheme for
residential electricity is efficient while it is also criticized due to its unaffordability to
the poor. This article empirically compares four electricity-pricing schemes, namely,
increasing-block pricing (IBP), floating increasing-block pricing (FIBP), free market
pricing (FMP), and a price-cum-trade incentive system (PTS), in terms of the aspects
of efficiency, equity, and cost recovery by using electricity-related data for Taiwan.
The research results show that IBP and FIBP suffer from the same problem in that it is
hard to be cost-neutral, and FMP is economically efficient while preferring utility to
the households. PTS performs the best, in that it can be economically efficient, as well
as cost-neutral, and it can also improve income distribution.
|Relation: ||Western Economic Association International 91st Annual Conference|
|Appears in Collections:||[產業經濟學系暨研究所] 會議論文|
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