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A review of the costs and benefits of demand response for electricity in the UK

Bradley, P., Leach, M. and Torriti, J. (2013) A review of the costs and benefits of demand response for electricity in the UK. Energy Policy, 312-327. pp. 312-327. ISSN 0301-4215

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To link to this item DOI: 10.1016/j.enpol.2012.09.039

Abstract/Summary

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.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Science > School of the Built Environment > Construction Management and Engineering > Innovative and Sustainable Technologies
Interdisciplinary centres and themes > Energy Research
ID Code:30179
Uncontrolled Keywords:Demand response; CBA; Economic
Publisher:Elsevier

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