A review of the costs and benefits of demand response for electricity in the UK
2012; Elsevier BV; Volume: 52; Linguagem: Inglês
10.1016/j.enpol.2012.09.039
ISSN1873-6777
AutoresP.A. Bradley, Matthew Leach, Jacopo Torriti,
Tópico(s)Energy, Environment, and Transportation Policies
ResumoThe recent policy discussion in the UK on the economic case for demand response (DR) calls for a reflection on available evidence regarding its costs and benefits. Existing studies tend to consider the size of investments and returns of certain forms of DR in isolation and do not consider economic welfare effects. From review of existing studies, policy documents, and some simple modelling of benefits of DR in providing reserve for unforeseen events, we demonstrate that the economic case for DR in UK electricity markets is positive. Consideration of economic welfare gains is provided.
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