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Flexible electricity tariffs: Power and energy price signals designed for a smarter grid

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  • Schreiber, Michael
  • Wainstein, Martin E.
  • Hochloff, Patrick
  • Dargaville, Roger

Abstract

Renewable energy is increasingly replacing carbon-based technologies worldwide in electricity networks. This increases the challenge of balancing intermittent generation with demand fluctuation. DR (Demand response) is recognized as a way to address this by adapting consumption to supply patterns. By using DR technology, grid withdrawal of DSM (demand side management) devices such as heat pumps, electric vehicles or stationary batteries can be temporally shifted. Yet, the development of an accurate control and market design is still one of the greatest remaining DR challenges.

Suggested Citation

  • Schreiber, Michael & Wainstein, Martin E. & Hochloff, Patrick & Dargaville, Roger, 2015. "Flexible electricity tariffs: Power and energy price signals designed for a smarter grid," Energy, Elsevier, vol. 93(P2), pages 2568-2581.
    • Handle: RePEc:eee:energy:v:93:y:2015:i:p2:p:2568-2581
    DOI: 10.1016/j.energy.2015.10.067
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