The global electricity sector is in the early stages of its most dramatic transformation in over a century. The rapid expansion of distributed energy, combined with the newfound availability of data and analytics for utilities, will reshape how the world generates, distributes, and consumes power. Demand Response is a consumer’s ability to reduce electricity consumption at their location when wholesale prices are high or the reliability of the electric grid is threatened. In this sense, changing markets present opportunities for the prepared, and peril for the rest.
This event will unite industry experts, regulators, and technology providers to share cutting-edge ideas and examine market trends, to focus on how utilities can get the full benefit of Demand Response and Energy Efficiency programs, and to offer best practices for design and implementation of these programs. We predict that utilities and energy companies will continue to reorient their businesses around consumers, who are fast evolving into important partners. To effectively achieve this transition, utilities will need to collaborate with third parties that are pioneering new ways of engaging customers. Utilities will increasingly tap cutting-edge technologies as the anchor to communicate with customers and enable their participation in efficiency and demand response programs.
At the same time, consumers’ value as contributors to dynamic load management will continue to grow, warranting greater investment from energy companies in the form of incentives for enrollment in such programs. The transition to embrace consumers will drive the evolution of the grid for years to come, and 2017 will mark the cornerstone of this new mode of operation in the power sector. In contrast to commodities, which are mostly traded on global markets, electricity cannot be stored or exported. Available generating capacity cannot be increased on an hourly basis. Automatic load curtailment schemes (called demand response) have been allowed to participate in some markets, providing markets with some elasticity of demand as well as of supply.
As renewable generation becomes a significant fraction of the total, utilities are becoming base load providers, providers of capacity at peak times, and backup providers. Generally utility regulation has not yet come to grips with this fundamental change in the role of regulated utilities.
Demand Response and aggregations services. Power plant and systems operations engineers who would like to understand the impact of ancillary services on their plant profitability.
Power industry personnel who need a better understanding of ancillary services. Portfolio managers and traders responsible for formulating bidding strategies for ancillary services.
Key titles include: