Using Causal Inference to Measure Residential Consumers Demand Response Elasticity

Engaging the residential consumers and providing the best tariffs for their randomized behavior is one of the major barriers to demand response (DR) implementation. Additionally, DR offers submitted by aggregators or retailers are not consumer-specific, which turns it even more difficult for the eng...

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Detalhes bibliográficos
Autor principal: João Tomé Saraiva (author)
Outros Autores: Kamalanathan Ganesan (author), Ricardo Jorge Bessa (author)
Formato: book
Idioma:eng
Publicado em: 2019
Assuntos:
Texto completo:https://hdl.handle.net/10216/122331
País:Portugal
Oai:oai:repositorio-aberto.up.pt:10216/122331
Descrição
Resumo:Engaging the residential consumers and providing the best tariffs for their randomized behavior is one of the major barriers to demand response (DR) implementation. Additionally, DR offers submitted by aggregators or retailers are not consumer-specific, which turns it even more difficult for the engagement of consumers in these programs. In order to address this issue, this paper describes a methodology based on causal inference between dynamic DR tariffs and observed residential electricity consumption (resolution of 30 minutes) to estimate consumers' consumption elasticity. Ultimately, the aim of this approach is to aid aggregators and retailers to better tune DR offers to consumer needs and so to enlarge the response rate to their DR programs.