{"id":1236,"date":"2015-07-15T09:48:38","date_gmt":"2015-07-15T07:48:38","guid":{"rendered":"https:\/\/ceem-dauphine.eu\/?p=1236"},"modified":"2024-09-04T09:52:03","modified_gmt":"2024-09-04T07:52:03","slug":"an-analytical-approach-to-activating-demand-elasticity-with-a-demand-response-mechanism-2","status":"publish","type":"post","link":"https:\/\/ceem-dauphine.eu\/en\/an-analytical-approach-to-activating-demand-elasticity-with-a-demand-response-mechanism-2\/","title":{"rendered":"An analytical approach to activating demand elasticity with a demand response mechanism"},"content":{"rendered":"<p>The aim of this work is to demonstrate analytically the conditions under which activating the elasticity of consumer<br \/>\ndemand could benefit social welfare. We have developed an analytical equilibrium model to quantify<br \/>\nthe effect of deploying demand response on social welfare and energy trade. The novelty of this research is<br \/>\nthat it demonstrates the existence of an optimal area for the price signal inwhich demand response enhances social<br \/>\nwelfare. This optimal area is negatively correlated to the degree of competitiveness of generation technologies<br \/>\nand the market size of the system. In particular, it should be noted that the value of unserved energy or<br \/>\nenergy reductionwhich the producers could lose from such a demand response schemewould limit its effectiveness.<br \/>\nThis constraint is even greater if energy trade between countries is limited. Finally, we have demonstrated<br \/>\nscope for more aggressive demand response, when only considering the impact in terms of consumer surplus<\/p>\n<p>Energy Economics 52 (2015)<\/p>\n","protected":false},"excerpt":{"rendered":"The aim of this work is to demonstrate analytically the conditions under which activating the elasticity of [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,26],"tags":[],"class_list":["post-1236","post","type-post","status-publish","format-standard","hentry","category-publications-en","category-journal-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts\/1236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/comments?post=1236"}],"version-history":[{"count":2,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts\/1236\/revisions"}],"predecessor-version":[{"id":1240,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/posts\/1236\/revisions\/1240"}],"wp:attachment":[{"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/media?parent=1236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/categories?post=1236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/en\/wp-json\/wp\/v2\/tags?post=1236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}