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Value of Demand Response: Quantities from Production Cost Modeling
Author:
Marissa Hummon
Year:
2014
Abstract:

Demand response (DR) resources present a potentially important source of grid flexibility particularly on future systems with high penetrations of variable wind and solar power generation. However, managed loads in grid models are limited by data availability and modeling complexity. This presentation focuses on the value of co-optimized DR resources to provide energy and ancillary services in a production cost model. There are significant variations in the availabilities of different types of DR resources, which affect both the operational savings as well as the revenue for each DR resource. The results presented include the system-wide avoided fuel and generator start-up costs as well as the composite revenue for each DR resource by energy and operating reserves. In addition, the revenue is characterized by the capacity, energy, and units of DR enabled

Document Type:
Slide presentation
Source:
NREL