Is real-time electricity pricing suitable for residential users without demand-side management?
نویسندگان
چکیده
منابع مشابه
Real-Time Pricing and Demand Side Participation in Restructured Electricity Markets
This chapter presents some results of an econometric analysis (developed in Patrick and Wolak 2001b) of customer-level demands for electricity of large and medium-sized industrial and commercial customers purchasing electricity under half-hourly spot prices and demand charges coincident with system peaks in the England and Wales (E&W) electricity market. These estimates can be used to forecast ...
متن کاملRethinking Real-Time Electricity Pricing
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. This paper evaluates the rst program to expose residential consumers to hourly real-time pricing (RTP). I nd that enrolled households are statistically signi cantly price elastic and that consumers responded by conserving energy during peak hours, but...
متن کاملCSEM WP 136R Is Real-Time Pricing Green?: The Environmental Impacts of Electricity Demand Variance
Real-time pricing (RTP) of electricity would improve allocative efficiency and limit wholesalers’ market power. Conventional wisdom claims that RTP provides additional environmental benefits. This paper argues that RTP will reduce the variance, both withinand across-days, in the quantity of electricity demanded. We estimate the short-run impacts of this reduction on SO2, NOx, and CO2 emissions....
متن کاملCSEM WP 136 Is Real-Time Pricing Green?: The Environmental Impacts of Electricity Demand Variance
Economists have long advocated for electricity pricing that accurately reflects time-varying production costs. In particular, real-time pricing (RTP) would improve the efficiency of electricity consumption and investment and would lessen the potential harm from market power. Conventional wisdom has claimed that RTP has an additional benefit, namely, reduced emissions from reduced peak demand. W...
متن کاملOptimization Models and Methods for Demand-Side Management of Residential Users: A Survey
The residential sector is currently one of the major contributors to the global energy balance. However, the energy demand of residential users has been so far largely uncontrollable and inelastic with respect to the power grid conditions. With the massive introduction of renewable energy sources and the large variations in energy flows, also the residential sector is required to provide some f...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Energy
سال: 2016
ISSN: 0360-5442
DOI: 10.1016/j.energy.2016.04.105