Fiche du document
2020
- handle: 10670/1.gy87m2
- hal: hal-02945517
info:eu-repo/semantics/OpenAccess
Mots-clés
Environmental regulation Corporate social responsibility Green consumerism Product differentiation Tax Standard Green label Political economy D - Microeconomics/D.D2 - Production and Organizations/D.D2.D24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity D - Microeconomics/D.D6 - Welfare Economics/D.D6.D62 - Externalities Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q4 - Energy/Q.Q4.Q41 - Demand and Supply • Prices Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q4 - Energy/Q.Q4.Q42 - Alternative Energy Sources Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q4 - Energy/Q.Q4.Q48 - Government PolicySujets proches
Economic theory Political economy Shoppers Customers (Consumers)Citer ce document
Stefan Ambec et al., « "Environmental Policy with Green Consumerism" », HAL-SHS : économie et finance, ID : 10670/1.gy87m2
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Résumé
The presence of consumers able to respond to changes in wholesale electricity pricesfacilitates the penetration of renewable intermittent sources of energy such as wind or sunpower. We investigate how adapting demand to intermittent electricity supply by makingconsumers price-responsive - thanks to smart meters and home automation appliances -impacts the energy mix. We show that it almost always reduces carbon emissions. Furthermore,when consumers are not too risk-averse, demand response is socially beneficialbecause the loss from exposing consumers to volatile prices is more than offset by lowerproduction and environmental costs. However, the gain is decreasing when the proportionof reactive consumers increases. Therefore, depending on the costs of the necessary smarthardware, it may be non-optimal to equip the whole population.