The Power to Choose: Demand Response in Liberalised Electricity Markets (Energy Market Reform)

Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers' inability to control demand, means that consumer behaviour is not reflected in the cost of energy. Preliminaries FOREWORD TABLE OF CONTENTS EXECUTIVE SUMMARY INTRODUCTION DEMAND RESPONSE MARKETS AND ECONOMICS TODAY'S LOAD RESPONSE MARKET THE ROLE OF TECHNOLOGY REGULATION AND POLICY MEASURES SUMMARY OF CONCLUSIONS AND RECOMMENDATIONS. International Energy Agency. Includes Bibliographical References.