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Residential energy efficiency + price response in an economic equilibrium setting

womfalcs3

Banned
I was rereading these two papers, and I truly think they are insightful. Having mathematical models capture the intricacies affecting households' electricity load and what the load-shifting means for the greater economy is profound.

https://link.springer.com/article/10.1007/s12053-015-9392-9
https://www.sciencedirect.com/science/article/pii/S2211467X17300044

Especially these two tables, variants of which are in both papers:

They show 1.) the non-additivity properties of energy efficiency measures; on the electricity demand (and the hourly load curves in other figures) and on the operation of the power generators. And, 2.) the seasonal effects of higher efficiency or electricity prices. Finally, 3.) the last table shows two distinct effects of residential energy efficiency's benefits for the electricity sector: the direct effect of having lower power loads, and the indirect effect happens because it matters when the load is lower (least efficient generators operate at the peak demand).

The average costs (average cost*electricity demand) reflect how much the electricity sector saved by the end-user energy efficiency.

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