The Power to Choose
Subtitle: Demand Response in Liberalised Electricity Markets
By: International Energy Agency
Publisher: OECD Publishing
Published: 2003
Place of publication: Paris
Language: eng
Format: [electronic resource]:
Number of pages: 132
ISBN-13: 9789264105041
Subjects: Force and energy; Power (Mechanics); Power resources
Description: 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.
Table of contents: title: 1. Executive Summary; title: 2. Introduction; title: 3. Demand Response Markets and Economics; title: Market-Industry Structural Impacts; title: Emerging Demand Response Markets; title: Pricing for Demand Response; title: Private and Public Good Economics; title: Investment Analysis and Payback Gap; title: 4. Today's Load Response Market; title: Country Experiences: United States; title: Conclusions: United States; title: Country Expeiences: England and Wales; title: Conclusions: England and Wales; title: 5. The Role of Technology; title: -Technology for Demand Response; title: The Business Case for Demand Response Technology; title: Technology Applications; title: Technology Policy Issues; title: Technology Standards; title: Technology Costs; title: Evaluating Demand Response Programs; title: Impacts on Utility IT Systems; title: 6. Regulation and Policy Measures; title: -Policy in Action; title: Policy Instruments; title: 7. Summary of Conclusions and Recommendations; title: Demand Elasticity; title: Demand Response Pricing; title: Market Organization; title: Regulation