Experimental validation of residential consumer responsiveness to dynamic time-of-use pricing

Abstract

This paper describes the first analysis from the Low Carbon London (LCL), residential dynamic time-of-use (dToU) pricing trial that took place in the London area during 2013. High price induced peak reductions for network constraint management are investigated alongside the temporal availability of demand response for supply balancing. By examining both these use cases we identify potential conflicts between network and system objectives. Demand response results are stratified by a ranking metric for engagement with the dToU tariff as well as household occupancy and socio-economic classification.