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DOI | 10.1016/j.enpol.2017.03.016 |
The effect of climate change on electricity expenditures in Massachusetts | |
Veliz, Karina D.1,2; Kaufmann, Robert K.3; Cleveland, Cutler J.3; Stoner, Anne M. K.4 | |
2017-07-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 106页码:43476 |
文章类型 | Article |
语种 | 英语 |
国家 | Chile; USA |
英文摘要 | Climate change affects consumer expenditures by altering the consumption of and price for electricity. Previous analyses focus solely on the former, which implicitly assumes that climate-induced changes in consumption do not affect price. But this assumption is untenable because a shift in demand alters quantity and price at equilibrium. Here we present the first empirical estimates for the effect of climate change on electricity prices. Translated through the merit order dispatch of existing capacity for generating electricity, climate-induced changes in daily and monthly patterns of electricity consumption cause non-linear changes in electricity prices. A 2 degrees C increase in global mean temperature increases the prices for and consumption of electricity in Massachusetts USA, such that the average household's annual expenditures on electricity increase by about 12%. Commercial customers incur a 9% increase. These increases are caused largely by higher prices for electricity, whose impacts on expenditures are 1.3 and 3.6 fold larger than changes in residential and commercial consumption, respectively. This suggests that previous empirical studies understate the effects of climate change on electricity expenditures and that policy may be needed to ensure that the market generates investments in peaking capacity to satisfy climate-driven changes in summer-time consumption. |
英文关键词 | Climate change Adaptation Electricity expenditures Electricity price Electricity consumption |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000402343600001 |
WOS关键词 | REGIONAL ENERGY DEMAND ; CONSUMPTION ; WEATHER ; METHODOLOGY ; ADAPTATION ; ESTIMATORS ; PRICES ; IMPACT ; LEVEL ; STATE |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/19272 |
专题 | 气候变化 |
作者单位 | 1.Univ Diego Portales, Sch Ind Engn, Av Ejercito 441, Santiago, Chile; 2.Univ Chile, Ctr Climate & Resilience Res, Santiago, Chile; 3.Boston Univ, Ctr Energy & Environm Studies, Dept Earth & Environm, Boston, MA 02466 USA; 4.Texas Tech Univ, Climate Sci Ctr, Lubbock, TX 79409 USA |
推荐引用方式 GB/T 7714 | Veliz, Karina D.,Kaufmann, Robert K.,Cleveland, Cutler J.,et al. The effect of climate change on electricity expenditures in Massachusetts[J]. ENERGY POLICY,2017,106:43476. |
APA | Veliz, Karina D.,Kaufmann, Robert K.,Cleveland, Cutler J.,&Stoner, Anne M. K..(2017).The effect of climate change on electricity expenditures in Massachusetts.ENERGY POLICY,106,43476. |
MLA | Veliz, Karina D.,et al."The effect of climate change on electricity expenditures in Massachusetts".ENERGY POLICY 106(2017):43476. |
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