46th IAEE International Conference, Paris (France). 15-18 June 2025
Summary:
This research addresses a critical gap in the literature on demand-side flexibility by evaluating how a combination of monetary and non-monetary incentives can effectively engage Small-Load Flexibility Providers (SLFPs) in electricity markets. Using Discrete Choice Experiments (DCE), the study tests an Incentive-Based Framework to identify the most valued attributes by SLFPs. Four key attributes were selected: monetary incentives (e.g., financial rewards), non-monetary benefits (e.g., environmental impact), surcharge mechanisms, and ancillary economic benefits. This pre-test provides insights into consumer preferences and sets the stage for large-scale deployment.
Spanish layman's summary:
This study evaluates monetary and non-monetary incentives to engage small electricity consumers in flexibility markets, identifying their key preferences using discrete choice methods.
English layman's summary:
Este estudio evalúa incentivos monetarios y no monetarios para involucrar a pequeños consumidores eléctricos en mercados de flexibilidad, identificando sus preferencias mediante métodos de elección discreta.
Keywords: Explicit flexibility, Incentive-based flexibility, Discrete choice experiment, Aggregator, Small-load flexibility providers, Demand-response
Publication date: 15-Jun-2025.
Citation:
V.K. Moreno, C. Valor, J.P. Chaves, "An Incentive-Based Framework for Small-Load Flexibility Providers: Insights from a Pre-Test of a Discrete Choice Experiment", presented at 46th IAEE International Conference, Paris, France, 15-18 June 2025
IIT-25-095C_abstract
