Load As a Reliability Resource in Restructured Electricity Markets

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
Research Areas