The Power to Choose [electronic resource]: Demand Response in Liberalised Electricity Markets /
International Energy Agency.
International Energy AgencyContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
Organisation for Economic Co-operation and DevelopmentContent Provider
Paris : OECD Publishing,
2003.
Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control demand, means that consumer behaviour is not reflected in the cost of energy. This study analyses the impact of price-responsive demand and shows how pricing, policy and technology can be used to inform consumer behaviour and choice.
Description based upon print version of record.
Preliminaries; FOREWORD; TABLE OF CONTENTS; EXECUTIVE SUMMARY; INTRODUCTION; DEMAND RESPONSE MARKETS AND ECONOMICS; TODAY'S LOAD RESPONSE MARKET; THE ROLE OF TECHNOLOGY; REGULATION AND POLICY MEASURES; SUMMARY OF CONCLUSIONS AND RECOMMENDATIONS
Includes bibliographical references.
Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control demand, means that consumer behaviour is not reflected in the cost of energy. This study analyses the impact of price-responsive demand and shows how pricing, policy and technology can be used to inform consumer behaviour and choice.
Electric utilities.
Electric utilities
Electric utilities
Competition.