Post: Decoding Demand Response

Decoding Demand Response

Demand Response programs are key to reduce businesses costs and support the transition to a greener future GridBeyond’s latest paper Decoding Demand Response says.

The energy crisis has pushed many organizations towards demand response programs as these create a valuable revenue stream that can be reinvested to deliver even greater cost savings and revenues and bring environmental benefits at the same time for participating facilities. The paper, which focuses on Australia, looks at the fast-growing demand response services and at a number of different programs and initiatives that aim to incentivize electricity users to reduce their consumption during periods of high demand.

The paper also looks at the role of battery storage and solar photovoltaic (PV) technology, which are providing an innovative solution to help businesses to trade and hedge their energy against energy price peaks and to generate an additional source of revenue. By leveraging these technologies, businesses can significantly reduce their reliance on grid electricity and gain greater control over their energy costs while reducing their scope 2 carbon emissions.

More information can be found here