THE CONCEPT OF DEMAND RESPONSE IN ELECTRISITY MARKETS

Abstract

This article discusses the participation of consumers in the regulation of the electricity market demand Management can not only reduce the cost of electricity needs, but also contributes to its cheaper in the wholesale market, improve the reliability of the power system, reduce the need for additional generating capacity and, accordingly, reduce the level of carbon dioxide emissions. Interest in demand management has now grown significantly around the world, especially in countries emerging from the energy crisis and seeking to meet energy demand through efficient market mechanisms rather than through the construction of expensive generating capacity and grid infrastructure.