Short-term consumer benefits of dynamic pricing
Year: 2011
Type: conference-paper
Abstract: Consumer benefits of dynamic pricing depend on a variety of factors. Consumer characteristics and climatic circumstances widely differ, which forces a regional comparison. This paper presents a general overview of demand response programs and focuses on the short-term benefits of dynamic pricing for an average Flemish residential consumer. It reaches a methodology to develop a cost reflective dynamic pricing program and to estimate short-term bill savings. Participating in a dynamic pricing program saves an average consumer 2.32 percent of his initial bill. While this result seems insufficient to justify implementation, it contains only a small proportion of a series of dynamic pricing benefits.
Institutions: KU Leuven, Flemish Institute for Technological Research
Language: English
Topic: Smart Grid Energy Management
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W2143016711