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Estimating Response to Price Signals in Residential Electricity Consumption
Uppsala University, Disciplinary Domain of Science and Technology, Earth Sciences, Department of Earth Sciences.
2013 (English)Independent thesis Advanced level (degree of Master (Two Years)), 80 credits / 120 HE creditsStudent thesis
Abstract [en]

Based on a previous empirical study of the effect of a residential demand response program in Sala, Sweden, thisproject investigated the economic consequences of consumer behaviour change after a demand-based time ofuse distribution tariff was employed. The economic consequences of consumers were proven to bedisadvantageous in terms of unit electricity price. Consumers could achieve more electricity bill saving throughstabilising their electricity consumption during peak hours, and this way bring least compromising of theircomfort level.In order to estimate the price elasticity of the studies demand response program, a new method of estimationprice elasticity was proposed. With this method, the intensity of demand response of the demand responseprogram was estimated in terms of price elasticity. Regression analysis was also applied to find out the priceincentives of consumer behaviour change. And the results indicated that the rise in electricity supply chargehardly contributes to load reduction, while the demand-based tariff constituted an advantageous solution on loaddemand management. However stronger demand response still

Place, publisher, year, edition, pages
2013. , 21 p.
Examensarbete vid Institutionen för geovetenskaper, ISSN 1650-6553 ; 174
Keyword [en]
economic consequence, consumer behaviour change, residential demand response, demand-based
National Category
Other Earth and Related Environmental Sciences
URN: urn:nbn:se:uu:diva-200633OAI: diva2:681554
Educational program
Master Programme in Sustainable Development
2013-05-26, Geocentrum, Villavägen16, Uppsala, 10:30 (English)
Available from: 2013-12-20 Created: 2013-06-02 Last updated: 2013-12-20Bibliographically approved

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