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Demand Side Management in Open Electricity Markets from Retailer Viewpoint

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Details

Original languageEnglish
Title of host publicationEEM15, 12th International Conference on the European Energy Market
Subtitle of host publicationLisbon, 19-22 May 2015, Portugal
Pages1-5
Number of pages5
DOIs
Publication statusPublished - 1 May 2015
Publication typeA4 Article in a conference publication
EventInternational Conference on the European Energy Market -
Duration: 1 Jan 1900 → …

Conference

ConferenceInternational Conference on the European Energy Market
Period1/01/00 → …

Abstract

In this paper, we have evaluated the incentives and obstacles of the demand side management (DSM) from the viewpoint of the electricity retailers. Research results are based on the questionnaires, workshops, and simulations. Based on our studies, it seems that there exist remarkable amount of controllable loads, and also market places for flexible resources have already been established in Finland. Furthermore, it seems that the economic profitability of the DSM is significantly higher, if resources are utilized in reserve or balancing power markets, instead of the day-ahead spot-markets. However, heterogeneity in stakeholders’ solutions and systems hinder the possibility to control customers’ loads based on the demands of the market places. Moreover, the roles of the stakeholders are unclear, and conflicts of interests seem to exist between the stakeholders.

Publication forum classification