A review of the costs and benefits of demand response for electricity in the UK

► The paper clearly articulates the range of benefits and costs from demand response. ► Estimates for benefits and costs are converted into a broadly comparable basis. ► It is found that a positive case exists for demand response in the UK. ► New quantitative modelling is provided for one UK benefit not found in the literature. ► Economic welfare gain is considered in assessment; other UK papers do not consider such effects.