TY - GEN
T1 - Drivers for the Value of Demand Response under Increased Levels of Wind and Solar Power
T2 - NREL (National Renewable Energy Laboratory)
AU - Hale, Elaine
PY - 2015
Y1 - 2015
N2 - Demand response may be a valuable flexible resource for low-carbon electric power grids. However, there are as many types of possible demand response as there are ways to use electricity, making demand response difficult to study at scale in realistic settings. This talk reviews our state of knowledge regarding the potential value of demand response in several example systems as a function of increasing levels of wind and solar power, sometimes drawing on the analogy between demand response and storage. Overall, we find demand response to be promising, but its potential value is very system dependent. Furthermore, demand response, like storage, can easily saturate ancillary service markets.
AB - Demand response may be a valuable flexible resource for low-carbon electric power grids. However, there are as many types of possible demand response as there are ways to use electricity, making demand response difficult to study at scale in realistic settings. This talk reviews our state of knowledge regarding the potential value of demand response in several example systems as a function of increasing levels of wind and solar power, sometimes drawing on the analogy between demand response and storage. Overall, we find demand response to be promising, but its potential value is very system dependent. Furthermore, demand response, like storage, can easily saturate ancillary service markets.
KW - capacity value
KW - demand response
KW - power systems modeling
KW - production cost modeling
KW - renewables
M3 - Presentation
T3 - Presented at the 2015 IEEE Power & Energy Society (PES) General Meeting, 26-30 July 2015, Denver, Colorado
ER -
