Stated preference data for the choice of electricity suppliers

Description

panel data

number of observations : 4308

observation : households

country : United States

Usage

data(Electricity)

Format

A dataframe containing :

choice

the choice of the individual, one of 1, 2, 3, 4,

id

the individual index,

pfi

fixed price at a stated cents per kWh, with the price varying over suppliers and experiments, for scenario i=(1, 2, 3, 4),

cli

the length of contract that the supplier offered, in years (such as 1 year or 5 years.) During this contract period, the supplier guaranteed the prices and the buyer would have to pay a penalty if he/she switched to another supplier. The supplier could offer no contract in which case either side could stop the agreement at any time. This is recorded as a contract length of 0

loci

is the supplier a local company,

wki

is the supplier a well-known company

todi

a time-of-day rate under which the price is 11 cents per kWh from 8am to 8pm and 5 cents per kWh from 8pm to 8am. These TOD prices did not vary over suppliers or experiments: whenever the supplier was said to offer TOD, the prices were stated as above.

seasi

a seasonal rate under which the price is 10 cents per kWh in the summer, 8 cents per kWh in the winter, and 6 cents per kWh in the spring and fall. Like TOD rates, these prices did not vary. Note that the price is for the electricity only, not transmission and distribution, which is supplied by the local regulated utility.

Source

Hubert J, Train K (2001) “On the similarity of classical and Bayesian estimates of individual mean pathworths”, Marketing Letters, 12, 259-269.

Revelt D, Train K (2000) “Customer-specific taste parameters and mixed logit”, Working Paper no. E00-274, Department of Economics, University of California, Berkeley.

References

Kenneth Train's home page : http://elsa.berkeley.edu/~train/.

Results