2009•Strategic Planning for Energy and the EnvironmentRequires access

Innovative Technologies in Demand Response: Delivering Increased Value for Utilities, Grid Operators and Consumers on Electricity

David Wells

Abstract

Demand response is the reduction of consumption on an electric grid in response to peak demand, high prices, or other system contingencies. Over the past several years, technology advancements have enhanced the capabilities of demand response and have increased the value of the resource for all stakeholders—utilities, grid operators, and consumers of electricity. In this article, we present a framework for understanding the benefits that demand response technology can provide.

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Key concepts: Demand response, Electricity, Environmental economics, Smart grid, Load management, Grid, Consumption (sociology), Peak demand