A review of the costs and benefits of demand response for electricity in the UK
Bradley, P, Leach, M and Torriti, J (2013) A review of the costs and benefits of demand response for electricity in the UK Energy Policy, 52. pp. 312-327.
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The 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. © 2012 Elsevier Ltd.
|Divisions :||Faculty of Engineering and Physical Sciences > Centre for Environmental Strategy|
|Date :||January 2013|
|Identification Number :||https://doi.org/10.1016/j.enpol.2012.09.039|
|Additional Information :||NOTICE: this is the author’s version of a work that was accepted for publication in Energy Policy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Policy, 52, January 2012, DOI http://dx.doi.org/10.1016/j.enpol.2012.09.039.|
|Depositing User :||Symplectic Elements|
|Date Deposited :||04 Feb 2013 09:50|
|Last Modified :||23 Sep 2013 19:59|
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