A new era of price-based demand response emerges, but utilities and regulators need proof of its potential
From utilitydive.com
Advocates say new software platforms improve reliability with system cost cuts and lower customer biils.
Demand response can be more than traditional load control if flexible power system support from programs aggregating customer-owned resources is properly valued, new research finds.
Utilities that recognize how price-based demand response, or PBDR, programs can change customer electricity usage through price signals may find them the most cost-effective planning option, a November 2023 Lawrence Berkeley National Laboratory, or LBNL, study found. But cost-effectiveness requires a complete analysis of factors that impact participation in and load reductions of PBDR programs, the study said.
Some utilities are beginning to see PBDR program benefits in optimizing dispatch with aggregated customer-owned distributed energy resources, or DER.
…
