Premium
Demand‐Side Management Evolution: New Roles and Models for Market Participation and Incentive Alignment
Author(s) -
Kinaci Andrew,
Engel Clay,
Aweh Amanda
Publication year - 2021
Publication title -
climate and energy
Language(s) - English
Resource type - Journals
eISSN - 2692-3823
pISSN - 2692-3831
DOI - 10.1002/gas.22206
Subject(s) - grid , incentive , demand response , industrial organization , environmental economics , business , demand side , distributed generation , electricity , smart grid , supply and demand , electricity market , photovoltaic system , service (business) , peak demand , electric power industry , economics , renewable energy , microeconomics , engineering , marketing , electrical engineering , geometry , mathematics
In the rapidly changing energy industry, distribution utilities and regional transmission operators (RTOs) are responding to several concurrent technological and operational trends that may alter their historical market roles and service delivery methods. As state decarbonization mandates and increased grid reliability and resiliency remain top priorities, the industry is trending away from traditional centrally managed grid assets and toward distributed energy resources (DERs). This is occurring at both transmission and distribution (T&D) grid levels. Much attention has been paid to the future operational impact of grid‐edge assets, such as rooftop solar or electric vehicles, on electricity supply and demand, with comparatively less focus given to the evolving function of demand‐side management (DSM) activities, including energy efficiency and demand response.