Remaking the Elasticity of Consumer Wants

Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity

Trine Pallesen, Rasmus Ploug Jenle

Publikation: KonferencebidragPaperForskningpeer review

Resumé

The paper analyses a smart grid project named EcoGrid, the paper shows how a large market experiment is used to present a solution to the intermittency problem associated with wind power: How to balance supply and demand when electricity production 'follows the wind'? It is shown how electricity consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good in the case of EcoGrid hinges on a
specific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.
OriginalsprogEngelsk
Publikationsdato2014
Antal sider24
StatusUdgivet - 2014
BegivenhedThe 3rd Interdisciplinary Market Studies Workshop - Couvent Royal, Saint-Maximin-la-Sainte-Baume, Frankrig
Varighed: 5 jun. 20146 jun. 2014
Konferencens nummer: 3
http://imsw2014.sciencesconf.org/

Workshop

WorkshopThe 3rd Interdisciplinary Market Studies Workshop
Nummer3
LokationCouvent Royal
LandFrankrig
BySaint-Maximin-la-Sainte-Baume
Periode05/06/201406/06/2014
Internetadresse

Bibliografisk note

CBS Bibliotek har ikke adgang til materialet

Citer dette

Pallesen, T., & Jenle, R. P. (2014). Remaking the Elasticity of Consumer Wants: Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. Afhandling præsenteret på The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, Frankrig.
Pallesen, Trine ; Jenle, Rasmus Ploug. / Remaking the Elasticity of Consumer Wants : Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. Afhandling præsenteret på The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, Frankrig.24 s.
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Pallesen, T & Jenle, RP 2014, 'Remaking the Elasticity of Consumer Wants: Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity' Paper fremlagt ved The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, Frankrig, 05/06/2014 - 06/06/2014, .

Remaking the Elasticity of Consumer Wants : Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. / Pallesen, Trine ; Jenle, Rasmus Ploug.

2014. Afhandling præsenteret på The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, Frankrig.

Publikation: KonferencebidragPaperForskningpeer review

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N1 - CBS Library does not have access to the material

PY - 2014

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N2 - The paper analyses a smart grid project named EcoGrid, the paper shows how a large market experiment is used to present a solution to the intermittency problem associated with wind power: How to balance supply and demand when electricity production 'follows the wind'? It is shown how electricity consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good in the case of EcoGrid hinges on aspecific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.

AB - The paper analyses a smart grid project named EcoGrid, the paper shows how a large market experiment is used to present a solution to the intermittency problem associated with wind power: How to balance supply and demand when electricity production 'follows the wind'? It is shown how electricity consumption is sought moved away from periods of peak consumption, and towards periods of peak production, by making consumers sensitive to ongoing changes in price. The study takes a pragmatic stance, applying concepts from the sociology of markets. The paper shows how the price elasticity of a good in the case of EcoGrid hinges on aspecific market configuration. In supplementing the sociology of markets, it is highlighted how market based solutions for societal problems can imply changing the economic characteristics of a good as much as altering the value(s) associated with it.

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Pallesen T, Jenle RP. Remaking the Elasticity of Consumer Wants: Integrating Wind Power in the Danish Electricity System by increasing the Price Elasticity of Retail Electricity. 2014. Afhandling præsenteret på The 3rd Interdisciplinary Market Studies Workshop, Saint-Maximin-la-Sainte-Baume, Frankrig.