The alchemy of demand response: turning demand into supply
Journal Article
·
· Electricity Journal
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)
- OSTI ID:
- 21248839
- Journal Information:
- Electricity Journal, Vol. 22, Issue 9; Other Information: Elsevier Ltd. All rights reserved; ISSN 1040-6190
- Country of Publication:
- United States
- Language:
- English
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