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A review of the costs and benefits of demand response for electricity in the UK

descriptionPublicationkeyboard_double_arrow_right Article , Journal 01 Jan 2013 United Kingdom Publisher:Elsevier BVJournal:Energy Policy, volume 52, pages 312-327 (issn: 0301-4215,

Authors: Bradley, P; Leach, M; Torriti, J;

doi: 10.1016/j.enpol.2012.09.039

A review of the costs and benefits of demand response for electricity in the UK

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Abstract

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.

Country

United Kingdom

Related Organizations

University of Reading
United Kingdom
University of Surrey
United Kingdom
University of Reading
United Kingdom

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