Demand response to smart grid progression
For decades, the energy market for electricity was represented with an inelastic demand curve. As this market adapts for smart grid operations and mechanisms develop for expanding consumer groups to change their consumption patterns, the market’s inelastic longevity wanes, and we must examine potential scenarios for effects on market prices.
“The development of the smart grid is driving an explosion of interest in demand response programs,” Ralph Masiello, KEMA senior vice president, innovation.
As the guest editorial writer featured in IEEE Power & Energy Magazine, Vol. 8, No. 3, May/June 2010, Masiello introduces ways that the smart grid will impact the development of Demand Response (DR) issues and actions—corresponding to the articles throughout this issue. These topics range from standardizing DR programs and managing electric vehicle charging, to the evaluation problem—how much DR actually happens compared to typical random load behavior. Read Masiello’s editorial, “Demand Response: the other side of the curve.”
The Future of Demand Response
KEMA further examines the future of demand response in its forthcoming Utility of the Future leadership guidebook, Volume 3: Engaging the customer – The power behind the meter.