Chapter 17. Demand Response Participation in Organized Electricity Markets - Smart Grid [Book]

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Chapter 17. Demand Response Participation in Organized Electricity Markets

A PJM Case Study

Susan Covino, Peter Langbein and Paul Sotkiewicz

Chapter Outline

Introduction 422

Entities That Participate as DR in PJM's Markets 425

Demand Response Participation in the Capacity Market 426

Resource Adequacy and the Role of DR 426

Brief History Before RPM 427

RPM Capacity Market 428

Market Results 430

Expansion of DR Products to Ensure Reliability 431

DR Participation in the Energy Market (Day-Ahead and Real-Time) 433

Energy Market Benefits of Integrating Economic Load Response 434

Market Mechanics 436

Measuring Load Reductions 438

Settlements in the Energy Market 438

Market Results 439

Emergency DR Participation in the Energy Market 442

Order 745, Demand Response ...

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