Demand side management of industrial electricity consumption: Promoting the use of renewable energy through real-time pricing

Considering two industrial electricity consumers, this study analyses the potential for the implementation of price based demand response by an industrial consumer to increase their proportional use of wind generated electricity by shifting their demand towards times of low prices. Results indicate that while curtailing during peak price times has little or no benefit in terms of wind energy consumption, demand shifting towards low price times is likely to increase a consumer's consumption of wind generation by approximately 5.8% for every 10% saved on the consumer's average unit price of electricity.