The liberalization process in the electricity market dates back to 1982. Since then, a number of pro-competitive measures have been introduced to promote competition among producers. However, the downstream sector, and retail markets in particular, remains dominated by great inertia: consumers never face real-time price signals and have limited control over the true cost of their consumption habits. This is a legacy of the traditional business model, but the transition toward more flexible and increasingly decentralized systems requires a greater understanding of demand dynamics. To address this issue, Jacopo Torriti from the University of Reading, UK, studies how time-dependent social practices impact individual and aggregate demand profiles in the UK.
Energy consumption: Habits determine demand
Rubino A.
Writing – Original Draft Preparation
2017-01-01
Abstract
The liberalization process in the electricity market dates back to 1982. Since then, a number of pro-competitive measures have been introduced to promote competition among producers. However, the downstream sector, and retail markets in particular, remains dominated by great inertia: consumers never face real-time price signals and have limited control over the true cost of their consumption habits. This is a legacy of the traditional business model, but the transition toward more flexible and increasingly decentralized systems requires a greater understanding of demand dynamics. To address this issue, Jacopo Torriti from the University of Reading, UK, studies how time-dependent social practices impact individual and aggregate demand profiles in the UK.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
