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http://dx.doi.org/10.5370/KIEE.2010.59.9.1575

Operation of Demand Bidding Program to Enhance Demand Response  

Sohn, Yoon-Tae (전력거래소 수요시장팀)
Lee, Ho-Seung (전력거래소 수요시장팀)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.59, no.9, 2010 , pp. 1575-1580 More about this Journal
Abstract
Demand Response is a well-known means usually operated by the system operator(SO) or the electricity retailers in order to reduce the peak loads or cut the price in electricity market. KPX(Korea Power eXchange), the SO in Korea has been operating the demand bidding program(or the demand resource market) since it was firstly introduced as the pilot project in 2008. The results has proved to be effective to enhance demand response. This paper describes the basic concepts and the operation results of the program.
Keywords
Demand Response; Demand Resource; Demand Resource Market; Demand Bidding Program;
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  • Reference
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4 DOE, "Benefits of Demand Response in Electricity Markets and Recommendations for Achieving Them", 2006
5 PJM, "Introduction to PJM Demand Side Response", 2008
6 IEA, "DRR Valuation and Market Analysis", 2006