Heat Pump Optimization Strategies for Participation in Price-Controlled Demand Response in the Latvian Electricity Market
Latvian Journal of Physics and Technical Sciences 2021
Līga Kurevska

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.


Keywords
Demand response, electricity price, electricity markets, heat pumps.
DOI
10.2478/lpts-2021-0019
Hyperlink
https://www.sciendo.com/article/10.2478/lpts-2021-0019

Kurevska, L. Heat Pump Optimization Strategies for Participation in Price-Controlled Demand Response in the Latvian Electricity Market. Latvian Journal of Physics and Technical Sciences, 2021, Vol. 58, No. 3, pp.98-107. ISSN 0868-8257. Available from: doi:10.2478/lpts-2021-0019

Publication language
English (en)
The Scientific Library of the Riga Technical University.
E-mail: uzzinas@rtu.lv; Phone: +371 28399196