| ID | 149969 |
| Title Proper | Integration scenarios of demand response into electricity markets |
| Other Title Information | load shifting, financial savings and policy implications |
| Language | ENG |
| Author | Feuerriegel, Stefan ; Neumann, Dirk |
| Summary / Abstract (Note) | Demand Response allows for the management of demand side resources in real-time; i.e. shifting electricity demand according to fluctuating supply. When integrated into electricity markets, Demand Response can be used for load shifting and as a replacement for both control reserve and balancing energy. These three usage scenarios are compared based on historic German data from 2011 to determine that load shifting provides the highest benefit: its annual financial savings accumulate to €3.110 M for both households and the service sector. This equals to relative savings of 2.83% compared to a scenario without load shifting. To improve Demand Response integration, the proposed model suggests policy implications: reducing bid sizes, delivery periods and the time-lag between market transactions and delivery dates in electricity markets. |
| `In' analytical Note | Energy Policy Vol. 96, No.96; Sep 2016: p.231–240 |
| Journal Source | Energy Policy 2016-09 96, 96 |
| Key Words | Policy Implications ; Demand Response ; Optimization ; Economic Potential ; Load Shifting |