Attractiveness of demand response in the Nordic electricity market: Present state and future prospects

A. Rautiainen, J. Koskela, O. Vilppo, A. Supponen, M. Kojo, P. Toivanen, E. Rinne, P. Järventausta

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    4 Citations (Scopus)

    Abstract

    During the past few years demand response (DR) has appeared in the spotlight in a new way. This is due to general technological advancement, development of electricity infrastructure, especially roll-out of smart meters, and rapidly increasing amount of renewable intermittent energy sources. This paper analyzes the attractiveness of DR in the Nordic electricity market. The results show that in many market places the attractiveness of DR is improving in the long term, although variations between different years exist. Two case studies presented in the papers show that DR has economic potential for some of the customers, especially for medium to large actors, but in a large scope, number of obstacles still hinder a wide scale deployment of DR solutions.
    Original languageEnglish
    Title of host publication2017 14th International Conference on the European Energy Market, EEM 2017
    PublisherIEEE Institute of Electrical and Electronic Engineers
    Number of pages6
    ISBN (Electronic)978-1-5090-5499-2
    ISBN (Print)978-1-5090-5500-5
    DOIs
    Publication statusPublished - 14 Jul 2017
    MoE publication typeA4 Article in a conference publication
    Event14th International Conference on the European Energy Market, EEM 2017 - Dresden, Germany
    Duration: 6 Jun 20179 Jun 2017

    Conference

    Conference14th International Conference on the European Energy Market, EEM 2017
    Abbreviated titleEEM 2017
    CountryGermany
    CityDresden
    Period6/06/179/06/17

    Fingerprint

    Smart meters
    Electricity
    Economics
    Power markets
    Attractiveness
    Electricity market
    Nordic
    Demand response

    Keywords

    • demand response
    • electricity market
    • Electricity market

    Cite this

    Rautiainen, A., Koskela, J., Vilppo, O., Supponen, A., Kojo, M., Toivanen, P., ... Järventausta, P. (2017). Attractiveness of demand response in the Nordic electricity market: Present state and future prospects. In 2017 14th International Conference on the European Energy Market, EEM 2017 [7981925] IEEE Institute of Electrical and Electronic Engineers . https://doi.org/10.1109/EEM.2017.7981925
    Rautiainen, A. ; Koskela, J. ; Vilppo, O. ; Supponen, A. ; Kojo, M. ; Toivanen, P. ; Rinne, E. ; Järventausta, P. / Attractiveness of demand response in the Nordic electricity market : Present state and future prospects. 2017 14th International Conference on the European Energy Market, EEM 2017. IEEE Institute of Electrical and Electronic Engineers , 2017.
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    title = "Attractiveness of demand response in the Nordic electricity market: Present state and future prospects",
    abstract = "During the past few years demand response (DR) has appeared in the spotlight in a new way. This is due to general technological advancement, development of electricity infrastructure, especially roll-out of smart meters, and rapidly increasing amount of renewable intermittent energy sources. This paper analyzes the attractiveness of DR in the Nordic electricity market. The results show that in many market places the attractiveness of DR is improving in the long term, although variations between different years exist. Two case studies presented in the papers show that DR has economic potential for some of the customers, especially for medium to large actors, but in a large scope, number of obstacles still hinder a wide scale deployment of DR solutions.",
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    Rautiainen, A, Koskela, J, Vilppo, O, Supponen, A, Kojo, M, Toivanen, P, Rinne, E & Järventausta, P 2017, Attractiveness of demand response in the Nordic electricity market: Present state and future prospects. in 2017 14th International Conference on the European Energy Market, EEM 2017., 7981925, IEEE Institute of Electrical and Electronic Engineers , 14th International Conference on the European Energy Market, EEM 2017, Dresden, Germany, 6/06/17. https://doi.org/10.1109/EEM.2017.7981925

    Attractiveness of demand response in the Nordic electricity market : Present state and future prospects. / Rautiainen, A.; Koskela, J.; Vilppo, O.; Supponen, A.; Kojo, M.; Toivanen, P.; Rinne, E.; Järventausta, P.

    2017 14th International Conference on the European Energy Market, EEM 2017. IEEE Institute of Electrical and Electronic Engineers , 2017. 7981925.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    AB - During the past few years demand response (DR) has appeared in the spotlight in a new way. This is due to general technological advancement, development of electricity infrastructure, especially roll-out of smart meters, and rapidly increasing amount of renewable intermittent energy sources. This paper analyzes the attractiveness of DR in the Nordic electricity market. The results show that in many market places the attractiveness of DR is improving in the long term, although variations between different years exist. Two case studies presented in the papers show that DR has economic potential for some of the customers, especially for medium to large actors, but in a large scope, number of obstacles still hinder a wide scale deployment of DR solutions.

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    Rautiainen A, Koskela J, Vilppo O, Supponen A, Kojo M, Toivanen P et al. Attractiveness of demand response in the Nordic electricity market: Present state and future prospects. In 2017 14th International Conference on the European Energy Market, EEM 2017. IEEE Institute of Electrical and Electronic Engineers . 2017. 7981925 https://doi.org/10.1109/EEM.2017.7981925