Using Conservation to Maximize Societal Benefit
Conservation can be used as an effective tool to maximize societal benefit by enabling fuller utilization of fixed assets. Targeting conservation at the most elastic (price sensitive) consumers only during narrowly-defined peak periods can increase utilization of fixed assets and drive down unit costs for consumers. This would reduce the overall capacity requirements of the system, and savings can then be passed onto all consumers in the form of lower rates. Further, there are opportunities for integration during coincident peak times: namely, during summer for water and electricity, and during winter for gas and electricity. This concept is further elaborated in the Three Box Solution: Creating the Future; Managing the Present; and Selectively Forgetting the Past.
Jessie Ma, IESO Distinguished Research Fellow at the Centre for Urban Energy at Ryerson University, presents her research findings.