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dc.contributor.authorDoorman, Gerardnb_NO
dc.contributor.authorWolfgang, Ovenb_NO
dc.date.accessioned2014-12-19T13:52:29Z
dc.date.available2014-12-19T13:52:29Z
dc.date.created2011-01-24nb_NO
dc.date.issued2011nb_NO
dc.identifier391133nb_NO
dc.identifier.issn0378-7796nb_NO
dc.identifier.urihttp://hdl.handle.net/11250/256988
dc.description.abstractIncreased energy efficiency is one of the pillars for reducing CO2 emissions. However, in models for the electricity market like unit commitment and dispatch models, increased efficiency of demand results in a paradoxical apparent reduction of the total economic surplus. The reason is that these are partial models for the electricity market, which do not take into account the effect of the changes in other markets. This paper shows how the calculation of the consumer surplus in the electricity market should be corrected to take into account the effect in other markets. In different cases we study shifts in the demand curve that are caused by increased energy efficiency, reduced cost for substitutes to electricity and real-time monitoring of demand, and we derive the necessary correction. The correction can easily be included in existing simulation models, and makes it possible to assess the effect of changes in demand on economic surplus.nb_NO
dc.languageengnb_NO
dc.publisherElseviernb_NO
dc.subjectEnergy efficiencyen_GB
dc.subjectpower systemsen_GB
dc.subjecteconomic surplusen_GB
dc.subjectsimulation modelsen_GB
dc.titleEvaluating demand side measures in simulation models for the power marketnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.source.pagenumber790-797nb_NO
dc.source.volume81nb_NO
dc.source.journalElectric power systems researchnb_NO
dc.identifier.doi10.1016/j.epsr.2010.11.006nb_NO
dc.contributor.departmentNorges teknisk-naturvitenskapelige universitet, Fakultet for informasjonsteknologi, matematikk og elektroteknikk, Institutt for elkraftteknikknb_NO


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