Dynamic Pricing for Energy: What are we so afraid of?

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Melanie Wemple, Research Associate at E Source, took 5 minutes on stage at Absinthe House in Boulder, CO to present with auto-advancing slides every 15 seconds. Her presentation, "Dynamic Pricing for Energy: What are we so afraid of?" surprised the crowd of over 200 local energy professionals at the inaugural switch~ event, when she turned a seemingly mundane topic into a crowd hit. For more information: http://www.esource.com/public/products/frs_edrp.asp More about Melanie: http://www.esource.com/staff_bio/melanie_wemple

Transcript of Dynamic Pricing for Energy: What are we so afraid of?

www.esource.com

Dynamic Pricing for EnergyWhat are we so afraid of?

Melanie WempleResearch Associate, E Source

SWITCH

Tuesday, March 6, 2012

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The Situation

Source: TreeFrogTreks.com

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The Problem

Source: The VisionHelp Blog

3am 6am 9am Noon 3pm 6pm 9pm Midnight0369

1215

Price of Electricity Throughout the Day

Time of Day

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nts

pe

r k

Wh

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The Problem

2 pm 10pm

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The Problem

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The Solution

3am 6am 9am Noon 3pm 6pm 9pm Midnight0369

1215

Price of Electricity Throughout the Day

Time of Day

Ce

nts

pe

r k

Wh

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The Solution

Source: Mark Stivers

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Highsatisfaction

Unfamiliar

ChoiceConsumer

Illustrates true costsReduces Demand

Confusing

Persistence

EducationProtections

Unfair

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Sources: Bing Travel & Kayak

Flying

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Source: Sfpark.org

Parking

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Source: Department of Transportation & Transportation Alternatives

Driving

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Source: Major League Baseball

Sporting Events

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Source: Ticketmaster/Live Nation

Concerts

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Source: TechnaBob.com

Coca-Cola

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5am 8am11am 2pm 5pm 8pm

$2.50

$2.80

$3.10

$3.40

$3.70

$4.00

Dynamic Pricing for Gasoline

Monday - Friday Weekends & Holidays

Time of Day

Pri

ce p

er G

allo

nWhat’s next?

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Source: shirt.woot.com

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What’s next?

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For More Information

Melanie Wemple

Research Associate, E Source

303-345-9149 melanie_wemple@esource.com

Have a question? Ask our experts: www.esource.com/question