Publication Type
Report
Date Published
06/2001
LBNL Report Number
LBNL-47983
Abstract
Recent electricity price spikes are painful reminders of the value that meaningful demand-side responses could bring to the restructuring US electricity system. 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. There is a strong need for increased customer participation in markets to enhance system reliability and reduce price volatility. Indeed, allowing customers to manage their loads in response to system conditions might be thought of as the ultimate reliability resource.
Series Title
Consultant Report prepared for the California Energy Commission
Year of Publication
2001
Pagination
77
Institution
CERTS
Keywords
Organization
Research Areas
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