René Aïd (Dauphine University) -Optimal electricity demand response contracting with responsiveness incentives

Despite the success of demand response programmes in retail electricity markets in reducing average consumption, the random responsiveness of consumers to price event makes their efficiency questionable to achieve the flexibility needed for electric systems with a large share of renewable energy. This paper aims at designing demand response contracts which allow to act on both the average consumption and its variance. The interaction between a risk--averse producer and a risk--averse consumer is Read more [...]