This paper presents a summary of Demand Response (DR) in deregulated electricity markets. The definition and the classification of DR as well as potential benefits and associated cost components are presented. In addition, the most common indices used for DR measurement and evaluation are highlighted, and some utilities' experiences with different demand response programs are discussed. Finally, the effect of demand response in electricity prices is highlighted using a simulated case study.
- Demand response
- Electricity markets
- Price elasticity
- Real time pricing
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Electrical and Electronic Engineering