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Projects: Projects for Investigator
Reference Number EP/R000735/1
Title Distributional Effects of Dynamic Pricing for Responsive Electricity Demand (DEePRED)
Status Completed
Energy Categories Other Cross-Cutting Technologies or Research(Energy system analysis) 50%;
Other Power and Storage Technologies(Electricity transmission and distribution) 50%;
Research Types Basic and strategic applied research 100%
Science and Technology Fields ENVIRONMENTAL SCIENCES (Geography and Environmental Studies) 10%;
PHYSICAL SCIENCES AND MATHEMATICS (Applied Mathematics) 45%;
ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering) 45%;
UKERC Cross Cutting Characterisation Systems Analysis related to energy R&D (Energy modelling) 75%;
Sociological economical and environmental impact of energy (Consumer attitudes and behaviour) 15%;
Sociological economical and environmental impact of energy (Other sociological economical and environmental impact of energy) 10%;
Principal Investigator Dr J Torriti
No email address given
Construction Management and Engineering
University of Reading
Award Type Standard
Funding Source EPSRC
Start Date 01 December 2017
End Date 31 August 2020
Duration 33 months
Total Grant Value £183,631
Industrial Sectors Energy
Region South East
Programme Energy : Energy
 
Investigators Principal Investigator Dr J Torriti , Construction Management and Engineering, University of Reading (100.000%)
  Industrial Collaborator Project Contact , National Energy Action (0.000%)
Project Contact , Association for Decentralised Energy (0.000%)
Project Contact , Bloomberg New Energy Finance (0.000%)
Project Contact , IPA Advisory Ltd (0.000%)
Project Contact , The Financial Inclusion Centre (0.000%)
Web Site
Objectives
Abstract Peak electricity demand is becoming an increasingly significant problem for UK electricity networks as it causes imbalances between demand and supply with negative impacts on system costs and the environment. The residential sector is responsible for about one third of overall electricity demand and up to 40% of peak demand. During peak demand, electricity prices in wholesale markets could fluctuate from less than 0.03/kWh to as much as 0.29/kWh.Time of Use tariffs offer significant potential benefits to the system by enabling responsive electricity demand and reducing peaks. For example, this could reduce the need for new generation and network capacity. However, the impact of more cost-reflective pricing will vary between consumers. In particular, those who consume electricity at more expensive peak periods, and who are unable to change their consumption patterns, could end up paying significantly more.Understanding the distributional effects of Time of Use tariffs becomes vital to ensuring affordability of energy bills, whilst making demand more flexible. Whilst there is research on fuel poverty in relation to aggregate level of consumption of electricity, little is known about the effects of dynamic tariffs on different socio-demographic groups. DEePRED will fill this gap.The overall aim of DEePRED is to analyse the distributional effects of Time of Use tariffs with a view to identify clusters of users which might significantly benefit or be disadvantaged through the provision of demand flexibility.The project will analyse 10-minute resolution time use activity data from the UK Office for National Statistics Time Use Survey with a view to derive information about times of the day in which different groups of people occupy households and carry out energy-related activities. The time use data will be combined with parameter data on temperatures, sunlight, number and typical consumption of household appliances and dwelling types to derive load profes. This will take place thanks to the implementation of activity schemes. Load profiles data will then be used to calculate how consumer bills may change for different groups of consumers on stylised Time of Use tariffs.
Publications (none)
Final Report (none)
Added to Database 15/02/18