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Financial incentive approaches for reducing peak electricity demand, experience from pilot trials with a UK energy provider

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  • Bradley, Peter
  • Coke, Alexia
  • Leach, Matthew

Abstract

Whilst tariff-based approaches to load-shifting are common in the residential sector, incentive-based approaches are rare. This is so, even though providing customers incentives to shape their power consumption patterns has substantial potential. This paper presents findings from an exploratory UK pilot study that trials financial payments and detailed energy feedback to incentivise load-shifting of residential electricity consumption.

Suggested Citation

  • Bradley, Peter & Coke, Alexia & Leach, Matthew, 2016. "Financial incentive approaches for reducing peak electricity demand, experience from pilot trials with a UK energy provider," Energy Policy, Elsevier, vol. 98(C), pages 108-120.
    • Handle: RePEc:eee:enepol:v:98:y:2016:i:c:p:108-120
    DOI: 10.1016/j.enpol.2016.07.022
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