Dianli xitong zidonghua · 2008 · 82 citations · 0 references
EngineeringDemand Response ResearchEnergy MarketsMarket DesignPower MarketPower System EconomicsEconomic AnalysisDemand Side ManagementEnergy Demand ManagementPower SystemsEconomicsElectrical EngineeringElectricity MarketDr ProgramsDemand-side ManagementSmart GridEnergy ManagementEnergy PolicyBusinessDemand ResponseElectricity Markets
Demand response expands demand side management in competitive electricity markets, serving as a key tool for system security and economic operation through price signals and incentives, and is categorized into price‑based and incentive‑based programs. The study proposes suggestions and assumptions for developing demand response in China’s electricity market reform and identifies several critical issues requiring further research. The authors conduct a comprehensive review of global demand‑response research, illuminate implementation mechanisms and system impacts, analyze cost‑benefit and customer participation decisions, and outline recommendations for China’s market reform.
Demand response (DR) is the expansion of demand side management (DSM) in competitive electricity markets. DR is an important measure to ensure system security and economy operation by using price signals and incentive mechanisms. Based on DR researches and experiences around the world, a comprehensive research on DR in electricity markets is conducted. DR programs in electricity markets are classified into two categories, i.e. price-based DR and incentive-based DR. Then detailed light is shed on two key problems, DR implementation mechanisms and impacts of DR on power systems. Furthermore, cost-benefit of implementing DR programs is analyzed, and decision process of customers participating in DR programs is thereon discussed. Suggestions and assumptions of developing DR are finally introduced in view of China’s electricity markets reform, and several important problems which need to be further studied are proposed.