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Podcast: Podcasts - Oxford Institute for Energy Studies
Episode: OIES Podcast – Consumer reliability preferences in electricity markets with a capacity requirement
Description: In this latest OIES podcast Hasan Muslemani talks to Frank Felder about his forthcoming OIES paper 'The Challenges of Incorporating Consumer Reliability Preferences in Electricity Markets with a Capacity Requirement'. Power outages and major blackouts are widespread, affecting hundreds of millions globally. One way to improve reliability and reduce costs is to have more customers adjust their electricity consumption based on system conditions, but demand response needs to be developed faster. A market-based way for consumers to do so may help, combined with technological advances in smart meters and load control devices. The podcast explains how to incorporate different c...