Using an agent-based modeling approach we study the temporal dynamics of consumer opinions regarding switching to dynamic electricity tariffs and the actual decisions to switch. We assume that the decision to switch is based on the unanimity of $\tau$ past opinions. The resulting model explains...

The aim of this work is to demonstrate analytically under what conditions activating elasticity of demand of consumers could be beneficial for the social welfare. It has added to the literature on analyzing the use of price signals in eliciting demand response by an analytical approach. We...

Thermal energy storage (TES) have been shown to be locally beneficial, helping building managers reduce their electricity bills. Due to increasing interest in TES, it is important for utilities and policy-makers alike to consider the economic implications of increasing TES penetration levels on...

The future power system is characterized by more renewable and uncontrollable capacity at the supply side and an electrification of energy at the demand side. Both evolutions increase the need for flexibility in the power system. Although this flexibility can be triggered at the supply and...

Demand response (DR) has been considered as a generation alternative to improve the reliability indices of the system and load point. However, when the demand resources scheduled in the DR market fail to result in demand reductions, it can potentially bring new problems associated with...

This study was part of a collaborative trial for an energy feedback intervention, providing detailed individual desk based energy feedback information to help individuals reduce energy in an office environment. Although the intervention was individually based, this paper explores the social...

Nowadays, the European electricity systems are evolving towards a generation mix that is more decentralised, less predictable and less flexible to operate. In this context, additional flexibility is expected to be provided by the demand side. Thus, how to engage consumers to participate in...

In recent years, demand response and load control automation has gained increased attention from regulators, system operators, utilities, market aggregators, and product vendors. It has become a cost-effective demand-side alternative to traditional supply-side generation technologies to balance...

Recently issued U.S. Federal Energy Regulatory Commission regulations require comparable treatment of demand reduction and generation in the wholesale electric market so that they are compensated at the same market clearing price. The new regulations measure demand reduction as a reduction from...

Advances in IT, control and forecasting capabilities have made demand response a viable, and potentially attractive, option to increase power system flexibility. This paper presents a critical review of the literature in the field of demand response, providing an overview of the benefits and...