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Demand, Customer Base-Line And Demand Response In The Electricity Market: A Survey
Department of Economics, Sogang University, Seoul, South Korea.ORCID iD: 0000-0002-7902-4683
2014 (English)In: Journal of economic surveys (Print), ISSN 0950-0804, E-ISSN 1467-6419, Vol. 28, no 5, 862-888 p.Article in journal (Refereed) Published
Abstract [en]

The increasing use of demand-side management, as a tool to reliably meet electricity demands at peak time, has stimulated interest among researchers, consumers and producer organiza-tions, managers, regulators and policymakers. This research reviews the growing literature on models which are used to study demand, customer base-line (CBL) and demand response in the electricity market. After characterizing the general demand models, the CBL, based on which the demand response models are studied, is reviewed. Given the experience gained from the review and existing conditions, the study combines an appropriate model for each case for a possible application to the electricity market; moreover, it discusses the implications of the results. In the literature, these aspects are studied independently. The main contribution of this survey is attributed to the treatment of the three issues as sequentially interdependent. The review is expected to enhance the understanding of the demand, CBL and demand response in the electricity market and their relationships. The objective is conducted through a combination of demand and supply side managements in order to reduce demand through different demand response programs during peak times. This enables electricity suppliers to save costly electricity generation and at the same time reduce energy vulnerability.

Place, publisher, year, edition, pages
2014. Vol. 28, no 5, 862-888 p.
Keyword [en]
Customer base-line; Demand models; Demand response; Electricity market; Forecast
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24511DOI: 10.1111/joes.12033ISI: 000344356600004Scopus ID: 2-s2.0-84875964525OAI: oai:DiVA.org:hj-24511DiVA: diva2:742475
Available from: 2014-09-01 Created: 2014-09-01 Last updated: 2016-01-14Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
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  • vancouver
  • Other style
More styles
Language
  • de-DE
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  • nn-NB
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  • Other locale
More languages
Output format
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  • asciidoc
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