Experiences from spot-market based price response of residential customers

Pekka Koponen, Seppo (expert) Kärkkäinen

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

Abstract

Proceedings of the Time of use tariffs are already applied in large scale in Finland, but the electricity market prices do not any more follow such regular time pattern. Fast demand response is increasingly needed. Main results and experience from a recent price control project in Finland are explained here where spot-price based contracts were applied to about 10 residential customers with electric heating and hourly meters. Consumption and temperature measurements were installed and the heat dynamics modelled. Manual responses were observed and automatic methods for price response developed.
Original languageEnglish
Title of host publicationProceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria
Number of pages4
Publication statusPublished - 21 May 2007
MoE publication typeA4 Article in a conference publication
Event19th International Conference on Electrcity Distribution, CIRED 2007 - Vienna, Austria
Duration: 21 May 200724 May 2007
Conference number: 19
http://www.cired.net/publications/cired2007/pdfs/CIRED2007_0508_paper.pdf

Conference

Conference19th International Conference on Electrcity Distribution, CIRED 2007
Abbreviated titleCIRED 2007
CountryAustria
CityVienna
Period21/05/0724/05/07
Internet address

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Electric heating
Temperature measurement
Hot Temperature
Power markets

Cite this

Koponen, P., & Kärkkäinen, S. . (2007). Experiences from spot-market based price response of residential customers. In Proceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria [0508]
Koponen, Pekka ; Kärkkäinen, Seppo (expert). / Experiences from spot-market based price response of residential customers. Proceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria. 2007.
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abstract = "Proceedings of the Time of use tariffs are already applied in large scale in Finland, but the electricity market prices do not any more follow such regular time pattern. Fast demand response is increasingly needed. Main results and experience from a recent price control project in Finland are explained here where spot-price based contracts were applied to about 10 residential customers with electric heating and hourly meters. Consumption and temperature measurements were installed and the heat dynamics modelled. Manual responses were observed and automatic methods for price response developed.",
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Koponen, P & Kärkkäinen, S 2007, Experiences from spot-market based price response of residential customers. in Proceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria., 0508, 19th International Conference on Electrcity Distribution, CIRED 2007, Vienna, Austria, 21/05/07.

Experiences from spot-market based price response of residential customers. / Koponen, Pekka; Kärkkäinen, Seppo (expert).

Proceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria. 2007. 0508.

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

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AB - Proceedings of the Time of use tariffs are already applied in large scale in Finland, but the electricity market prices do not any more follow such regular time pattern. Fast demand response is increasingly needed. Main results and experience from a recent price control project in Finland are explained here where spot-price based contracts were applied to about 10 residential customers with electric heating and hourly meters. Consumption and temperature measurements were installed and the heat dynamics modelled. Manual responses were observed and automatic methods for price response developed.

M3 - Conference article in proceedings

BT - Proceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria

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Koponen P, Kärkkäinen S. Experiences from spot-market based price response of residential customers. In Proceedings of the 19th International Conference on Electricity Distribution (CIRED 2007) 21-24 May 2007, Vienna, Austria. 2007. 0508