An assessment of the influence of demand response on demand elasticity in electricity retail market

R. Fonteijn; M. Babar; I.G. Kamphuis

doi:10.1109/UPEC.2015.7339955

An assessment of the influence of demand response on demand elasticity in electricity retail market

R. Fonteijn, M. Babar, I.G. Kamphuis

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

3 Citations (Scopus)

2 Downloads (Pure)

Abstract

A transition towards a sustainable society is currently ongoing. In the electrical power system, this is reflected by the increasing share of renewable energy sources (RES). The weather dependence of some RES results in intermittent and volatile behaviour, thus matching supply and demand has become a challenge. Demand response (DR) is an emerging field which enables society to coop with upcoming challenges. One of the explored concepts to perform the DR is the price elasticity of demand. This paper presents a model to compute price elasticity matrices for typical households consisting of dispatchable appliances and a base load. Simulations of the model will demonstrate the price elastic response for different scenarios.

Original language	English
Title of host publication	2015 50th International Universities Power Engineering Conference (UPEC), 1-4 September 2015, Stoke-on-Trent, United Kingdom
Place of Publication	Piscataway
Publisher	Institute of Electrical Engineers
Pages	1-6
ISBN (Print)	978-1-4673-9682-0
DOIs	https://doi.org/10.1109/UPEC.2015.7339955
Publication status	Published - 2015
Event	50th International Universities Power Engineering Conference (UPEC 2015) - Staffordshire University, Stoke-on-Trent, United Kingdom Duration: 1 Sep 2015 → 4 Sep 2015 Conference number: 50 http://www.upec2015.com/

Conference

Conference	50th International Universities Power Engineering Conference (UPEC 2015)
Abbreviated title	UPEC 2015
Country/Territory	United Kingdom
City	Stoke-on-Trent
Period	1/09/15 → 4/09/15
Internet address	http://www.upec2015.com/

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1109/UPEC.2015.7339955

Cite this

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title = "An assessment of the influence of demand response on demand elasticity in electricity retail market",

abstract = "A transition towards a sustainable society is currently ongoing. In the electrical power system, this is reflected by the increasing share of renewable energy sources (RES). The weather dependence of some RES results in intermittent and volatile behaviour, thus matching supply and demand has become a challenge. Demand response (DR) is an emerging field which enables society to coop with upcoming challenges. One of the explored concepts to perform the DR is the price elasticity of demand. This paper presents a model to compute price elasticity matrices for typical households consisting of dispatchable appliances and a base load. Simulations of the model will demonstrate the price elastic response for different scenarios.",

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doi = "10.1109/UPEC.2015.7339955",

language = "English",

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publisher = "Institute of Electrical Engineers",

address = "United Kingdom",

note = "50th International Universities Power Engineering Conference (UPEC 2015), UPEC 2015 ; Conference date: 01-09-2015 Through 04-09-2015",

url = "http://www.upec2015.com/",

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Fonteijn, R, Babar, M & Kamphuis, IG 2015, An assessment of the influence of demand response on demand elasticity in electricity retail market. in 2015 50th International Universities Power Engineering Conference (UPEC), 1-4 September 2015, Stoke-on-Trent, United Kingdom. Institute of Electrical Engineers, Piscataway, pp. 1-6, 50th International Universities Power Engineering Conference (UPEC 2015), Stoke-on-Trent, United Kingdom, 1/09/15. https://doi.org/10.1109/UPEC.2015.7339955

An assessment of the influence of demand response on demand elasticity in electricity retail market. / Fonteijn, R.; Babar, M.; Kamphuis, I.G.

2015 50th International Universities Power Engineering Conference (UPEC), 1-4 September 2015, Stoke-on-Trent, United Kingdom. Piscataway : Institute of Electrical Engineers, 2015. p. 1-6.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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T1 - An assessment of the influence of demand response on demand elasticity in electricity retail market

AU - Fonteijn, R.

AU - Babar, M.

AU - Kamphuis, I.G.

N1 - Conference code: 50

PY - 2015

Y1 - 2015

N2 - A transition towards a sustainable society is currently ongoing. In the electrical power system, this is reflected by the increasing share of renewable energy sources (RES). The weather dependence of some RES results in intermittent and volatile behaviour, thus matching supply and demand has become a challenge. Demand response (DR) is an emerging field which enables society to coop with upcoming challenges. One of the explored concepts to perform the DR is the price elasticity of demand. This paper presents a model to compute price elasticity matrices for typical households consisting of dispatchable appliances and a base load. Simulations of the model will demonstrate the price elastic response for different scenarios.

AB - A transition towards a sustainable society is currently ongoing. In the electrical power system, this is reflected by the increasing share of renewable energy sources (RES). The weather dependence of some RES results in intermittent and volatile behaviour, thus matching supply and demand has become a challenge. Demand response (DR) is an emerging field which enables society to coop with upcoming challenges. One of the explored concepts to perform the DR is the price elasticity of demand. This paper presents a model to compute price elasticity matrices for typical households consisting of dispatchable appliances and a base load. Simulations of the model will demonstrate the price elastic response for different scenarios.

U2 - 10.1109/UPEC.2015.7339955

DO - 10.1109/UPEC.2015.7339955

M3 - Conference contribution

SN - 978-1-4673-9682-0

SP - 1

EP - 6

BT - 2015 50th International Universities Power Engineering Conference (UPEC), 1-4 September 2015, Stoke-on-Trent, United Kingdom

PB - Institute of Electrical Engineers

CY - Piscataway

T2 - 50th International Universities Power Engineering Conference (UPEC 2015)

Y2 - 1 September 2015 through 4 September 2015

ER -

An assessment of the influence of demand response on demand elasticity in electricity retail market

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