Application of multilevel demand subscription pricing for mobilizing residential demand response in Belgium

The large-scale integration of renewable energy is progressing at an unprecedented pace. The highly variable, non-controllable and unpredictable variation of renewable energy supply requires fast-response generators for balancing, which results in increased operating costs and emissions. This ultimately undermines the economic and environmental benefits of renewable energy integration. These adverse effects can be mitigated by mobilizing the flexibility on the demand side. In this paper, we revisit a multilevel demand subscription pricing policy for electric power, in which a menu of service c... Mehr ...