Despite the efforts of restructuring power markets over the last decades, the lack of demand response in the retail electricity markets remains a significant concern. Possible demand response would help to reduce prices and volatility by better matching supply and demand through improved price...

This paper surveys the results from 126 pricing experiments with dynamic pricing and time-of-use pricing of electricity. These experiments have been carried out across three continents at various times during the past decade. Data from 74 of these experiments are sufficiently complete to allow...