Kirchem, Dana and Lynch, Muireann A. and Bertsch, Valentin and Casey, Eoin (2020) Models of demand response and an application for wastewater treatment plants1. ESRI Research Bulletin February 2020/04. UNSPECIFIED.
Abstract
Demand response can be defined as any change of the usual electricity demand pattern in response to a price signal from the electricity supplier. It is widely seen as a promising tool to increase energy system flexibility: electricity demand can increase when there is a surplus of electricity available, such as when wind levels are high, and can reduce when there is a shortage of electricity. In the industrial sector in particular, the potential for demand response can be significant. This is because electricity costs can be a big share of total costs and therefore there is a strong incentive to reduce electricity expenditures in order to be competitive. However, to date, the demand response from industrial electricity users has only been examined in a generic way, without taking account of their specific characteristics. Any results arising from these examinations are therefore of limited use for policy makers and industry participants.
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