Discrete elastic residential load response under variable pricing schemes

@article{McKenna2014DiscreteER,
  title={Discrete elastic residential load response under variable pricing schemes},
  author={Killian McKenna and Andrew Keane},
  journal={IEEE PES Innovative Smart Grid Technologies, Europe},
  year={2014},
  pages={1-6}
}
The introduction of variable pricing schemes has potential impacts for low voltage (LV) distribution networks with regards to load diversity and peak demand. Households are being equipped communication systems that give consumers a greater visibility of electricity prices facilitating greater market engagement and demand response. This paper presents a bottom-up load model coupled with a novel methodology to capture the discrete, bounded and uncertain consumer response to variable prices. The… CONTINUE READING

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