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Estimating the price elasticity of residential power demand using a bottom-up approach
KTH, School of Electrical Engineering (EES), Electric Power and Energy Systems. (Power System Opearation and Planning)ORCID iD: 0000-0001-6870-6104
KTH, School of Electrical Engineering (EES), Electric Power and Energy Systems.ORCID iD: 0000-0001-6000-9363
2016 (English)In: Asia-Pacific Power and Energy Engineering Conference, APPEEC, 2016, Vol. 2016-December, 243-247 p., 7779505Conference paper (Refereed)
Abstract [en]

The paper aims to estimate the flexibility of a residential consumer group in price-based demand response. It develops a model to simulate consumers' responsiveness to time-varying prices. The model is applied for 500 households under three dynamic prices. The cost saving, change of load curve and price elasticities are computed and compared. Results show that Time-of-Use network tariffs bring more incentives and higher flexibility than the fixed tariff. The setting of peak periods and peak/off-peak price ratio in Time-of-Use tariffs affects the results. Their influence may also vary for different delay options.

Place, publisher, year, edition, pages
2016. Vol. 2016-December, 243-247 p., 7779505
Keyword [en]
Battery; Energy storage; Flywheel; Photovoltaic; Physical system modelling; Simulation; Smart grid
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-198856DOI: 10.1109/APPEEC.2016.7779505ISI: 000391237400048ScopusID: 2-s2.0-85009992342ISBN: 9781509054183 (print)OAI: oai:DiVA.org:kth-198856DiVA: diva2:1058672
Conference
2016 IEEE PES Asia Pacific Power and Energy Engineering Conference, APPEEC 2016; Empark Grand Hotel19-1#, Jiangong RoadXi'an; China; 25 October 2016 through 28 October 2016
Note

QC 20170201

Available from: 2016-12-21 Created: 2016-12-21 Last updated: 2017-02-13Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf