Aggregate industrial energy consumer response to wholesale prices in the restructured Texas electricity market

被引：21

作者：

Zarnikau, Jay ^{[1
]}

Hallett, Ian ^{[1
]}

机构：

[1] Univ Texas Austin, Austin, TX 78712 USA

来源：

ENERGY ECONOMICS | 2008年 / 30卷 / 04期

关键词：

demand response; price elasticity; restructured market; symmetric generalized McFadden cost function;

D O I：

10.1016/j.eneco.2007.11.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The aggregate response of consumers to wholesale price signals is very limited in the restructured Electric Reliability Council of Texas (ERCOT) market. An overall average own-price elasticity of demand of -0.000008 for industrial energy consumers served at transmission voltage is estimated using a Symmetric Generalized McFadden cost function model. To date, ERCOT has sought to promote demand response to price signals without reliance on "stand alone" demand response programs, but with a market structure that is designed to facilitate economic demand response. This very limited responsiveness to wholesale price signals may prove problematic in light of policy decisions to pursue an "energy only" resource adequacy mechanism for ERCOT. (c) 2007 Elsevier B. V. All rights reserved.

引用

页码：1798 / 1808

页数：11

共 50 条

[41] Strategic behaviors and transfer of wholesale costs to retail prices in the electricity market: Evidence from Colombia
Correa-Giraldo, Manuel
Garcia-Rendon, John J.
Perez, Alex
[J]. ENERGY ECONOMICS, 2021, 99
[42] Short-term forecasting of prices for the Russian wholesale electricity market based on neural networks
Zolotova I.Y.
Dvorkin V.V.
[J]. Studies on Russian Economic Development, 2017, 28 (6) : 608 - 615
[43] Analysing the impact of renewables on Iberian wholesale electricity market prices using machine learning techniques
Ballester, Cristina
Furio, Dolores
[J]. GREEN FINANCE, 2024, 6 (02): : 363 - 382
[44] Potential Impacts of the Reform to the Electricity Industry Law in the Energy Dispatch of the Mexican Wholesale Electricity Market
Mata-Martinez, Carlos A.
Rios-Zalapa, Ricardo
[J]. 2022 IEEE INTERNATIONAL AUTUMN MEETING ON POWER, ELECTRONICS AND COMPUTING (ROPEC), 2022,
[45] Application of public-domain market information to forecast Ontario's wholesale electricity prices
Zareipour, Hamidreza
Canizares, Claudio A.
Bhattacharya, Kankar
Thomson, John
[J]. IEEE TRANSACTIONS ON POWER SYSTEMS, 2006, 21 (04) : 1707 - 1717
[46] Assessing the impact of wind generation on wholesale prices and generator dispatch in the Australian National Electricity Market
Forrest, Sam
MacGill, Lain
[J]. ENERGY POLICY, 2013, 59 : 120 - 132
[47] Integrating Demand Response and Renewable Energy in Wholesale Market
Li, Chaojie
Liu, Chen
Yu, Xinghuo
Deng, Ke
Huang, Tingwen
Liu, Liangchen
[J]. PROCEEDINGS OF THE TWENTY-SEVENTH INTERNATIONAL JOINT CONFERENCE ON ARTIFICIAL INTELLIGENCE, 2018, : 382 - 388
[48] The Influence of Operation of a Wholesale Electricity Market to a Damage from Power Outage for the Industrial Enterprise
Iuldasheva, A.
Malafeev, A.
[J]. 2018 INTERNATIONAL SCIENTIFIC MULTI-CONFERENCE ON INDUSTRIAL ENGINEERING AND MODERN TECHNOLOGIES (FAREASTCON), 2018,
[49] Optimized Demand Response Bidding in the Wholesale Market under Scenarios of Prices and Temperatures
Iria, J. P.
Soares, F. J.
Bessa, R. J.
[J]. 2015 IEEE EINDHOVEN POWERTECH, 2015,
[50] Measuring the impact of demand response services on electricity prices in Latvian electricity market
Kurevska, Liga
Sauhats, Antans
Junghans, Gatis
Lavrinovcs, Valentins
[J]. 2020 IEEE 61ST ANNUAL INTERNATIONAL SCIENTIFIC CONFERENCE ON POWER AND ELECTRICAL ENGINEERING OF RIGA TECHNICAL UNIVERSITY (RTUCON), 2020,

← 1 2 3 4 5 →