The Power to Choose Demand Response in Liberalised Electricity Markets
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...
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Format: | eBook |
Language: | English |
Published: |
Paris
OECD Publishing
2003
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Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
Summary: | 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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Physical Description: | 156 p. 16 x 23cm |
ISBN: | 9789264105041 |