Peter Bradley Peter.Bradley@uwe.ac.uk
Professor in Economics
A review of the costs and benefits of demand response for electricity in the UK
Bradley, Peter; Leach, Matthew; Torriti, Jacopo
Authors
Matthew Leach
Jacopo Torriti
Abstract
The recent policy discussion in the UK on the economic case for demand response (DR) calls for a reflection on available evidence regarding its costs and benefits. Existing studies tend to consider the size of investments and returns of certain forms of DR in isolation and do not consider economic welfare effects. From review of existing studies, policy documents, and some simple modelling of benefits of DR in providing reserve for unforeseen events, we demonstrate that the economic case for DR in UK electricity markets is positive. Consideration of economic welfare gains is provided. © 2012 Elsevier Ltd.
Citation
Bradley, P., Leach, M., & Torriti, J. (2013). A review of the costs and benefits of demand response for electricity in the UK. Energy Policy, 52, 312-327. https://doi.org/10.1016/j.enpol.2012.09.039
Journal Article Type | Article |
---|---|
Publication Date | Jan 1, 2013 |
Journal | Energy Policy |
Print ISSN | 0301-4215 |
Publisher | Elsevier |
Peer Reviewed | Not Peer Reviewed |
Volume | 52 |
Pages | 312-327 |
DOI | https://doi.org/10.1016/j.enpol.2012.09.039 |
Keywords | demand response, CBA, economic, electricity, UK |
Public URL | https://uwe-repository.worktribe.com/output/937185 |
Publisher URL | http://dx.doi.org/10.1016/j.enpol.2012.09.039 |
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