The alchemy of demand response: turning demand into supply
Abstract
Paying customers to refrain from purchasing products they want seems to run counter to the normal operation of markets. Demand response should be interpreted not as a supply-side resource but as a secondary market that attempts to correct the misallocation of electricity among electric users caused by regulated average rate tariffs. In a world with costless metering, the DR solution results in inefficiency as measured by deadweight losses. (author)
- Authors:
- Publication Date:
- OSTI Identifier:
- 21248839
- Resource Type:
- Journal Article
- Journal Name:
- Electricity Journal
- Additional Journal Information:
- Journal Volume: 22; Journal Issue: 9; Other Information: Elsevier Ltd. All rights reserved; Journal ID: ISSN 1040-6190
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29 ENERGY PLANNING, POLICY AND ECONOMY; POWER DEMAND; AVAILABILITY; MARKET; ELECTRIC POWER; METERING; PRICES
Citation Formats
Rochlin, Cliff. The alchemy of demand response: turning demand into supply. United States: N. p., 2009.
Web. doi:10.1016/J.TEJ.2009.09.004.
Rochlin, Cliff. The alchemy of demand response: turning demand into supply. United States. https://doi.org/10.1016/J.TEJ.2009.09.004
Rochlin, Cliff. 2009.
"The alchemy of demand response: turning demand into supply". United States. https://doi.org/10.1016/J.TEJ.2009.09.004.
@article{osti_21248839,
title = {The alchemy of demand response: turning demand into supply},
author = {Rochlin, Cliff},
abstractNote = {Paying customers to refrain from purchasing products they want seems to run counter to the normal operation of markets. Demand response should be interpreted not as a supply-side resource but as a secondary market that attempts to correct the misallocation of electricity among electric users caused by regulated average rate tariffs. In a world with costless metering, the DR solution results in inefficiency as measured by deadweight losses. (author)},
doi = {10.1016/J.TEJ.2009.09.004},
url = {https://www.osti.gov/biblio/21248839},
journal = {Electricity Journal},
issn = {1040-6190},
number = 9,
volume = 22,
place = {United States},
year = {Sun Nov 15 00:00:00 EST 2009},
month = {Sun Nov 15 00:00:00 EST 2009}
}
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