TY  - JOUR
CY  - Amsterdam.
ID  - publications42251
UR  - http://tse-fr.eu/pub/125130
IS  - n° 105074
A1  - Ambec, Stefan
A1  - Crampes, Claude
Y1  - 2021/02//
N2  - The presence of consumers able to respond to changes in wholesale electricity prices facilitates the penetration of renewable intermittent sources of energy such as wind or sun power. We investigate how adapting demand to intermittent electricity supply by making consumers price-responsive - thanks to smart meters and home automation appliances - impacts the energy mix. We show that it almost always reduces carbon emissions. Furthermore, when consumers are not too risk-averse, demand response is socially beneficial because the loss from exposing consumers to volatile prices is more than offset by lower production and environmental costs. However, the gain is decreasing when the proportion of reactive consumers increases. Therefore, depending on the costs of the necessary smart hardware, it may be non-optimal to equip the whole population.
PB  - Elsevier
JF  - Energy Economics
VL  - vol. 94
KW  - Electricity
KW  - Intermittency
KW  - Renewables
KW  - Dynamic pricing
KW  - Demand response
KW  - Smart meters
SN  - 0140-9883
TI  - Real-time electricity pricing to balance green energy intermittency
AV  - public
ER  -