skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Serving two masters: How dual price signals can undermine demand flexibility

Energy policy, 2024-02, Vol.185 [Peer Reviewed Journal]

ISSN: 0301-4215 ;ISSN: 1873-6777 ;EISSN: 1873-6777 ;DOI: 10.1016/j.enpol.2023.113918

Digital Resources/Online E-Resources

Citations Cited by
  • Title:
    Serving two masters: How dual price signals can undermine demand flexibility
  • Author: Stikvoort, Britt ; El Gohary, Fouad ; Nilsson, Anders ; Bartusch, Cajsa
  • Subjects: Demand charge ; Demand-side flexibility ; Engineering Science with specialization in industrial engineering and management ; Mixed method approach ; Price signal interference ; Price signals ; Real-time pricing ; Teknisk fysik med inriktning mot industriell teknik
  • Is Part Of: Energy policy, 2024-02, Vol.185
  • Description: Demand-side flexibility is often encouraged via demand response programs, where users are incentivized to adjust their electricity consumption based on price signals in tariffs. The design and implementation of these signals are vital, as they link conditions of the energy system with user behaviour. As a result of energy system separation into stages of generation, many users are required to simultaneously respond to two price signals. While existing research has mainly examined responses to a single signal, this study highlights the complexities when users must react to two signals simultaneously. It presents a case study using two distinct price signals: real-time pricing (RTP) and a demand charge, analysing the implications such dual price signals could have on users. The study reveals the empirical incompatibility of these signals, leading to conflicting user goals. Such interference complicates decision-making for demand flexibility, potentially eroding user trust in retailers and system operators. The study ends with proposing an alternative tariff, resolving the dual price situation, which facilitates user comprehension and decision-making, and thus enhances the potential for demand flexibility.
  • Language: English
  • Identifier: ISSN: 0301-4215
    ISSN: 1873-6777
    EISSN: 1873-6777
    DOI: 10.1016/j.enpol.2023.113918
  • Source: SWEPUB Freely available online
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait