IEA Energy Papers
The International Energy Agency (IEA) advises its 28 member countries on sound energy policy, which seeks to balance energy security, economic growth and environmental concerns. The IEA Energy Papers offer in-depth investigation of energy topics, and explore emerging issues and challenges in the energy sector. These papers will be of much interest to energy experts, policy makers, industry and the general public.
- ISSN : 20792581 (en ligne)
- https://doi.org/10.1787/20792581
Empowering Customer Choice in Electricity Markets
Timely and effective deployment of demand response could greatly increase power system flexibility, electricity security and market efficiency.
Considerable progress has been made in recent years to harness demand response. However, most of this potential remains to be developed.
The paper draws from IEA experience to identify barriers to demand response, and possible enablers that can encourage more timely and effective demand response including cost reflective pricing, retail market reform, and improved load control and metering equipment.
Governments have a key role to play in developing and implementing the policy, legal, regulatory and market frameworks needed to empower customer choice and accelerate the development and deployment of cost-effective demand response.