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Demand-side view of electricity markets
Abstract
This tutorial paper discusses some aspects of electricity markets from the perspective of the demand-side. It argues that increasing the short-run price elasticity of the demand for electrical energy would improve the operation of these markets. It shows, however, that enhancing this elasticity is not an easy task. The tools that consumers and retailers of electrical energy need to participate more actively and effectively in electricity markets are discussed. The paper also describes how consumers of electricity can take part in the provision of power system security.
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Citations
Cited by
Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence
Zeithaml, V. A. (1988) · Journal of Marketing · doi:10.1177/002224298805200302 · Cited by 18,292
Demand response and smart grids – a survey
Siano, P. (2014) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2013.10.022 · Cited by 2,411
A summary of demand response in electricity markets
Albadi, M. H., & El-Saadany, E. F. (2008) · Electric Power Systems Research · doi:10.1016/j.epsr.2008.04.002 · Cited by 1,884
Demand response modeling considering interruptible/curtailable loads and capacity market programs
Aalami, H. A., Moghaddam, M. P., & Yousefi, G. R. (2010) · Applied Energy · doi:10.1016/j.apenergy.2009.05.041 · Cited by 755
Benefits and challenges of electrical demand response: a critical review
O׳Connell, N., Pinson, P., Madsen, H., & O׳Malley, M. (2014) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2014.07.098 · Cited by 636
Metadata
- Authors
- Kirschen, D. S.
- Venue
- IEEE Transactions on Power Systems
- Published
- 2003-05
- Volume
- 18
- Issue
- 2
- Pages
- 520-527
- ISSN
- 0885-8950 (ISSN-L)
- OpenAlex
- W2131512356
- Cited by
- 787
- References
- 0
- FWCI
- 12.07
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Demand-side view of electricity markets. https://app.cochat.ai/papers/10.1109/tpwrs.2003.810692
- The paper
- Kirschen, D. S. (2003). Demand-side view of electricity markets. IEEE Transactions on Power Systems. https://doi.org/10.1109/tpwrs.2003.810692
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
