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| Srl | Item |
| 1 |
ID:
150617
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| Summary/Abstract |
European energy markets have undergone a major transformation as they have advanced towards market liberalisation and it is vital that the details of these developments be carefully examined. The success of liberalisation is based on smart regulation, which has been capable of providing solutions to unforeseen events in the process. Our paper seeks to contribute to existing understanding of the unexpected and collateral effects of the liberalisation process in the power system by examining a natural experiment that occurred in Spain in 2009. In that year, the electricity supply by distribution system operators disappeared. This change in retail market competition, as we demonstrate in this paper, has had an unexpected effect in terms of the system’s balancing requirements. We undertake a rigorous assessment of the economic consequences of this policy change for the whole system, in terms of its impact on final electricity prices.
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| 2 |
ID:
150616
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A successful deployment of power generation coming from variable renewable sources, such as wind and solar photovoltaic, strongly depends on the economic cost of system integration. This paper, in seeking to look beyond the impact of renewable generation on the evolution of the total economic costs associated with the operation of the electricity system, aims to estimate the sensitivity of balancing market requirements and costs to the variable and non-fully predictable nature of intermittent renewable generation. The estimations reported in this paper for the Spanish electricity system stress the importance of both attributes as well as power system flexibility when accounting for the cost of balancing services.
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| 3 |
ID:
176910
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| Summary/Abstract |
This paper summarises the insights to be gained from a systematic literature review of empirical research devoted to behavioural considerations associated with the use of smart meters and energy information feedback. Above and beyond the mass rollout of smart meters, there are various behavioural considerations that can affect the way in which consumers react to information enabling the adaptation of their consumption behaviour in response to dynamic pricing. Indeed, many empirical studies have been conducted in various countries aimed at determining how consumers respond to feedback on their consumption and prices. However, if users fail to demonstrate a pro-active attitude, they cannot hope to take advantage of the opportunities afforded by new technologies. By reporting a systematic analysis of bibliographic references, this article seeks to further understanding as to why consumers behave as they do when managing their demand, a process that, ultimately, is for the benefit of the electrical system, in particular, and of the whole of society, in general. The policy implications that emerge from our analysis highlight the heterogeneity of consumer engagement in demand management programs, depending on the degree of preference satisfaction achieved by means of personalised contract terms and the degree and persistence of consumer change, which are dependent on the cost, frequency and quality of information.
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