The Opportunity Gap in Economic Load Response

摘要

Recently, PJM released an anal- ysis, entitled '2012 Economic Demand Response Performance Report', of its implementation of FERC Order 745. Order 745 directed Independent System Operators to create a mechanism for paying a demand response resource the Locational Marginal Price (LMP) at its location for curtailed load whenever the hourly price is above a "Net Benefits" threshold. In only five months after PJM implemented the order in April 2012, the volume of energy that was curtailed for this program was about equal to the volume that had been curtailed over the previous three and a half years.