- Magnus Korpås
- WP3 Lead
iFleks – Future price elasticity in electricity consumption
Challenge and objective
- To understand how variable energy prices in the future will affect the electricity consumption in peak load periods when stronger price signals are expected and more technology solutions are available.
- Price experiments and questionnaires among 4375 households and some office and public buildings during the winter 2020 and 2021.
- Smart meter data are analysed to study the connection between price and demand.
- 2-11% reduction in electricity consumption in peak price hours based on manual measures. Approx. 50% of the households responded to price signals.
Impact for distribution system innovation
- Improved understanding of demand response and the strength needed in price signals to achieve a reduction in peak load sufficient enough to postpone grid investments.
References in CINELDI
- T. Siebenbrunner, M. Hofmann: "Framtidig prisfølsomhet til sluttbrukere. Sluttrapport iFleks", Statnett 2022.
- "iFleks – Prisfølsomhet", Statnett web.