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An R&D agenda to enhance electricity system reliability by increasing customer participation in emerging competitive markets

Publication Type

Conference Paper

Authors

Eto, Joseph H, Chris Marnay, Charles A. Goldman, John D. Kueck, Brendan J. Kirby, Jeffery E. Dagle, Fernando L. Alvarado, Timothy D. Mount, Shmuel S. Oren, Carlos A. Martinez

DOI

10.1109/PESW.2001.917043

Abstract

Recent electricity price spikes are painful reminders of the value that meaningful demand-side responses could bring to the restructuring of the US electricity system. A review of the aggregate offers made by suppliers confirms that even a modest increase in demand elasticity could dramatically reduce these extremes in price volatility. In this paper, the authors submit that dramatically increased customer participation in these markets to enhance power system reliability and reduce price volatility is sorely needed. Indeed, allowing customers to manage their loads in response to system conditions might be thought of as the ultimate reliability resource.

Journal

IEEE Power Engineering Society Winter Meeting, 2001

Year of Publication

2001

Notes

TY - CONF

Organization

Grid Integration Group, Energy Storage and Distributed Resources Division

Research Areas

Microgrids