Innovative Technologies in Demand Response: Delivering Increased Value for Utilities, Grid Operators and Consumers on Electricity
Abstract
Demand response is the reduction of consumption on an electric
grid in response to peak demand, high prices, or other system contin-
gencies. 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.