{"id":1248,"date":"2016-07-21T09:52:31","date_gmt":"2016-07-21T07:52:31","guid":{"rendered":"https:\/\/ceem-dauphine.eu\/assessing-long-term-effects-of-demand-response-policies-in-wholesale-electricity-markets-2\/"},"modified":"2016-07-21T09:52:31","modified_gmt":"2016-07-21T07:52:31","slug":"assessing-long-term-effects-of-demand-response-policies-in-wholesale-electricity-markets-2","status":"publish","type":"post","link":"https:\/\/ceem-dauphine.eu\/fr\/assessing-long-term-effects-of-demand-response-policies-in-wholesale-electricity-markets-2\/","title":{"rendered":"Assessing long-term effects of demand response policies in wholesale electricity markets"},"content":{"rendered":"<p>Different policies have been implemented around the world seeking to deliver demand response<br \/>\npotential in the electricity markets. Externalities, namely the CO2 externality, have been one of the key<br \/>\nconcerns in the debate on the effectiveness of different policies regarding demand response development.<br \/>\nAlthough most previous researches have centred on the short-term assessment of different policy choices<br \/>\nto tackle the CO2 externality, little work has been focused on the long-term impacts, such as changes in<br \/>\nwelfare and investment dynamics, in consequence of the implementation of such policies. This paper<br \/>\nrelies on a long-term market simulation model to examine long-term dynamics of two specific policies<br \/>\npresently used by policy makers. The first policy relates to the correction for the externality by setting<br \/>\na CO2 price at a level equal to the social cost of the associated CO2 emissions. The second policy consists<br \/>\nin subsidizing carbon-free technologies such as demand response. We test for each policy two different<br \/>\nscenarios regarding the possibility of internalization of the CO2 externality. The results show that in the<br \/>\nlong-run different policies should affect both investments and social costs, a market-driven development<br \/>\nof demand response with the internalization of the CO2 externality being the most efficient approach<\/p>\n<p>Mauricio Cepeda, Marcelo Saguan<\/p>\n","protected":false},"excerpt":{"rendered":"Different policies have been implemented around the world seeking to deliver demand response potential in the electricity [&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":[11,15],"tags":[],"class_list":["post-1248","post","type-post","status-publish","format-standard","hentry","category-publications","category-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/posts\/1248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/comments?post=1248"}],"version-history":[{"count":0,"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/posts\/1248\/revisions"}],"wp:attachment":[{"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/media?parent=1248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/categories?post=1248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceem-dauphine.eu\/fr\/wp-json\/wp\/v2\/tags?post=1248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}