A baseline-free method to identify responsive customers on dynamic time-of-use tariffs
Methodology
2016-05-27 v1 Applications
Abstract
Dynamic time-of-use tariffs incentivise changes in electricity consumption. This paper presents a non-parametric method to retrospectively analyse consumption data and quantify the significance of a customer's observed response to a dynamic price signal without constructing a baseline demand model. If data from a control group is available, this can be used to infer customer responsiveness - individually and collectively - on an absolute scale. The results are illustrated using data from the Low Carbon London project, which included the UK's first dynamic time-of-use pricing trial.
Keywords
Cite
@article{arxiv.1605.08078,
title = {A baseline-free method to identify responsive customers on dynamic time-of-use tariffs},
author = {James R. Schofield and Simon H. Tindemans and Goran Strbac},
journal= {arXiv preprint arXiv:1605.08078},
year = {2016}
}
Comments
2 pages, 1 figure