The Power to Choose

The Power to Choose

Demand Response in Liberalised Electricity Markets You do not have access to this content

International Energy Agency

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25 Nov 2003
9789264105041 (PDF) ;9789264105034(print)

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Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control demand, means that consumer behaviour is not reflected in the cost of energy.

This study analyses the impact of price-responsive demand and shows how pricing, policy and technology can be used to inform consumer behaviour and choice.

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Table of Contents

1. Executive Summary
2. Introduction
3. Demand Response Markets and Economics

-Market-Industry Structural Impacts
-Emerging Demand Response Markets
-Pricing for Demand Response
-Private and Public Good Economics
-Investment Analysis and Payback Gap
4. Today's Load Response Market
-Country Experiences: United States
-Conclusions: United States
-Country Expeiences: England and Wales
-Conclusions: England and Wales
5. The Role of Technology
-Technology for Demand Response
-The Business Case for Demand Response Technology
-Technology Applications
-Technology Policy Issues
-Technology Standards
-Technology Costs
-Evaluating Demand Response Programs
-Impacts on Utility IT Systems
6. Regulation and Policy Measures
-Policy in Action
-Policy Instruments
7. Summary of Conclusions and Recommendations
-Demand Elasticity
-Demand Response Pricing
-Market Organization

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