<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Improved end-user engagement is considered to be a key factor in decarbonization efforts towards climate neutral energy systems. While first adopters are already actively seeking ways how to optimize their energy consumption, a true shift in consumer behaviour can only be achieved if the financial benefits are well established and presented.</p>
<p>The study aims at estimating the economic performance of end-user engagement in provision of demand response services using air-to-air heat pumps as the underlying technology. The results of the paper help evaluate in a real data setting whether the existing market framework provides sufficient incentives to facilitate end-user participation in the demand response service.</p>
</abstract>

Improved end-user engagement is considered to be a key factor in decarbonization efforts towards climate neutral energy systems. While first adopters are already actively seeking ways how to optimize their energy consumption, a true shift in consumer behaviour can only be achieved if the financial benefits are well established and presented.
The study aims at estimating the economic performance of end-user engagement in provision of demand response services using air-to-air heat pumps as the underlying technology. The results of the paper help evaluate in a real data setting whether the existing market framework provides sufficient incentives to facilitate end-user participation in the demand response service.

Heat Pump Optimization Strategies for Participation in Price-Controlled Demand Response in the Latvian Electricity Market

Latvian Journal of Physics and Technical Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Improved end-user engagement is considered to be a key factor in decarbonization efforts towards climate neutral energy systems. While first adopters are...

Heat Pump Optimization Strategies for Participation in Price-Controlled Demand Response in the Latvian Electricity Market

Published Online: Jun 24, 2021

Page range: 98 - 107

DOI: https://doi.org/10.2478/lpts-2021-0019

Keywords
Demand response, electricity price, electricity markets, heat pumps

© 2021 L. Kurevska, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Heat Pump Optimization Strategies for Participation in Price-Controlled Demand Response in the Latvian Electricity Market

Published Online: Jun 24, 2021

Page range: 98 - 107

DOI: https://doi.org/10.2478/lpts-2021-0019

KeywordsDemand response, electricity price, electricity markets, heat pumps

© 2021 L. Kurevska, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Demand response, electricity price, electricity markets, heat pumps