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A platform for research: civil engineering, architecture and urbanism
Estimating Response to Price Signals in Residential Electricity Consumption
Based on a previous empirical study of the effect of a residential demand response program in Sala, Sweden, thisproject investigated the economic consequences of consumer behaviour change after a demand-based time ofuse distribution tariff was employed. The economic consequences of consumers were proven to bedisadvantageous in terms of unit electricity price. Consumers could achieve more electricity bill saving throughstabilising their electricity consumption during peak hours, and this way bring least compromising of theircomfort level.In order to estimate the price elasticity of the studies demand response program, a new method of estimationprice elasticity was proposed. With this method, the intensity of demand response of the demand responseprogram was estimated in terms of price elasticity. Regression analysis was also applied to find out the priceincentives of consumer behaviour change. And the results indicated that the rise in electricity supply chargehardly contributes to load reduction, while the demand-based tariff constituted an advantageous solution on loaddemand management. However stronger demand response still
Estimating Response to Price Signals in Residential Electricity Consumption
Based on a previous empirical study of the effect of a residential demand response program in Sala, Sweden, thisproject investigated the economic consequences of consumer behaviour change after a demand-based time ofuse distribution tariff was employed. The economic consequences of consumers were proven to bedisadvantageous in terms of unit electricity price. Consumers could achieve more electricity bill saving throughstabilising their electricity consumption during peak hours, and this way bring least compromising of theircomfort level.In order to estimate the price elasticity of the studies demand response program, a new method of estimationprice elasticity was proposed. With this method, the intensity of demand response of the demand responseprogram was estimated in terms of price elasticity. Regression analysis was also applied to find out the priceincentives of consumer behaviour change. And the results indicated that the rise in electricity supply chargehardly contributes to load reduction, while the demand-based tariff constituted an advantageous solution on loaddemand management. However stronger demand response still
Estimating Response to Price Signals in Residential Electricity Consumption
Huang, Yizhang (author)
2013-01-01
Theses
Electronic Resource
English
DDC:
690
Estimating response to price signals in residential electricity consumption
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