Blog Posts on Demand Response
Our blog series reports on the electricity markets of the world. Our next stop is Russia - Tobias Weghorn, International Business Development Manager at Next Kraftwerke, explored the country's VPP potential.
What is load management? Definition Electricity consumption is often referred to as ‘load’ in the energy industry. Load management is the active control of electricity consumption. It is also known as ‘demand side management’ or ‘DSM'. Often, it refers to controlling electricity consumption based on financial signals from the electricity market. Load management is an More…
What does Peak shaving mean? Definition In the energy industry, peak shaving refers to leveling out peaks in electricity use by industrial and commercial power consumers. Power consumption peaks are important in terms of grid stability, but they also affect power procurement costs: In many countries, electricity prices for large-scale consumers are set with reference More…
In the second part of our series, we will talk about different concepts for Virtual Power Plants on islands and island groups for providing a sustainable and secure power supply.
Flexibility is the defining principle of tomorrow's electricity market: Helen Steiniger analyses the transition from inflexible concepts of the past to the dynamic electricity markets of the future.
Electricity markets around the world are experiencing a fundamental change: the rapid rise of renewable power generation. In some places the power generation of renewables is occasionally exceeding the total demand in the electricity grid.