Experiences from spotmarket based price response of residential customers

Pekka Koponen, Seppo Kärkkäinen

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

Abstract

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 spotprice 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
Subtitle of host publication19th International Conference on Electrcity Distribution, CIRED 2007
Place of PublicationVienna
PublisherInternational Conference and Exhibition on Electricity Distribution CIRED
Number of pages4
Publication statusPublished - 2007
MoE publication typeB3 Non-refereed article in conference proceedings
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 spotmarket based price response of residential customers. In Proceedings: 19th International Conference on Electrcity Distribution, CIRED 2007 [Paper 0508] Vienna: International Conference and Exhibition on Electricity Distribution CIRED.
Koponen, Pekka ; Kärkkäinen, Seppo. / Experiences from spotmarket based price response of residential customers. Proceedings: 19th International Conference on Electrcity Distribution, CIRED 2007. Vienna : International Conference and Exhibition on Electricity Distribution CIRED, 2007.
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title = "Experiences from spotmarket based price response of residential customers",
abstract = "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 spotprice 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 spotmarket based price response of residential customers. in Proceedings: 19th International Conference on Electrcity Distribution, CIRED 2007., Paper 0508, International Conference and Exhibition on Electricity Distribution CIRED, Vienna, 19th International Conference on Electrcity Distribution, CIRED 2007, Vienna, Austria, 21/05/07.

Experiences from spotmarket based price response of residential customers. / Koponen, Pekka; Kärkkäinen, Seppo.

Proceedings: 19th International Conference on Electrcity Distribution, CIRED 2007. Vienna : International Conference and Exhibition on Electricity Distribution CIRED, 2007. Paper 0508.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

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AU - Kärkkäinen, Seppo

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AB - 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 spotprice 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. Experiences from spotmarket based price response of residential customers. In Proceedings: 19th International Conference on Electrcity Distribution, CIRED 2007. Vienna: International Conference and Exhibition on Electricity Distribution CIRED. 2007. Paper 0508