@ARTICLE{Hartvig_Áron_Dénes_The_2024,
 author={Hartvig, Áron Dénes and Szabó, László},
 volume={vol. 27},
 number={No 3},
 journal={Polityka Energetyczna - Energy Policy Journal},
 pages={5-30},
 howpublished={online},
 year={2024},
 publisher={Instytut Gospodarki Surowcami Mineralnymi i Energią PAN},
 abstract={This paper assesses the electricity bill savings potential of nationwide demand-side management programs in the residential sector. The analysis provides br oad insights into how time-of-use optimization could bring economic benefits while accelerating the deployment of renewable energy sources. We have built an electricity model with detailed household electricity consumption. Using survey data, we have created a baseline scenario that represents the current appliance usage habits of households in Hungary providing useful information on their shiftable electricity demand. We have then used time-of-use optimization of household appliances that do not affect thermal comfort in order to minimize electricity bills. Assuming different levels of participation in the demand-side management program, we reschedule the use of washing machines, dishwashers and dryers. Load optimization has a peak shaving impact on the total load, ranging from 2.2 to 3.6%. During winter, the potential for peak shaving is around –205 MW, whereas in summer, it is approximately –166 MW. Although solar energy is abundant and cheap during the day in summer, motivating households to shift their load, there is less shiftable load in the late evening hours. Therefore, the peak shaving potential is higher during winter due to the earlier peak. Modelling results from the Hungarian electricity market illustrate that smartening the grid has a bill saving potential of 6.1%, or EUR 700 million in Hungary, assuming that all households are equipped with smart meters. However, half of this reduction can be achieved with only a 25% participation rate.},
 type={Article},
 title={The assessment of residential demand-side management in Hungary},
 URL={http://journals.pan.pl/Content/132914/01-02-Hartvig%20i%20Szabo.pdf},
 keywords={demand-side management, load shifting, flexibility, system-wide modelling},
}