Journals Proceedings

Abstract

over the next decades, the electricity system will face several challenges originating from both supply and demand side. In the UK there is no real time retail market, and hence no real time retail electricity pricing. Therefore domestic electricity consumers in the UK pay electricity prices that do not vary from hour to hour, but are rather some kind of average price. Real time pricing information was identified as a barrier to understanding the effectiveness of various incentives and interventions. The key question is whether we can evaluate energy management, renewable energy and energy storage intervention in the behaviour of customers in real market terms. Currently only behaviour changes with respect to total consumption can be evaluated. Interventions cannot be defined for peak load behaviour. The effectiveness of the introduction of renewable energy is also hard to assess. Therefore, it is hard to justify introducing of energy storage and demand side management at local community level, apart from when following government approved schemes, subsidies, and other initiatives. In this paper, the possibility of using storage batteries at community level has been evaluated using new electricity pricing criteria. PV cells or other embedded could also be studied in a similar way.