The Power to Choose : Demand Response in Liberalised Electricity Markets
Demand Response in Liberalised Electricity Markets
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IEA (2003), The Power to Choose : Demand Response in Liberalised Electricity Markets, IEA, Paris https://www.iea.org/reports/the-power-to-choose-demand-response-in-liberalised-electricity-markets, License: CC BY 4.0
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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.