Decoding demand response | Canada
Decoding demand response |Transform your energy into opportunity
Ultimately, the ability to be flexible about when you use energy represents both a value and a cost and utility and grid demand response programs allow you to monetize that flexibility.
By participating in demand response programs your business could receive substantial financial payments for agreeing to reduce energy in response to grid signals. The payments earned from these programs can then be reinvested into energy efficiency measures, renewables or battery storage technologies that provide further flexibility to your site, reduce your operating costs and support the transition to a greener future.
This white paper is designed to help you understand exactly what demand response is, how it works, what benefits it delivers, and how it fits into a holistic energy management strategy. The importance of market forecasting, revenue stacking, dispatch optimization, and auction strategies in ensuring that battery storage assets achieve their full value potential.