North America Boasts 95% of Demand Response Projects
The concept of demand response, which aims to achieve stability on the electricity grid by ensuring that demand does not exceed supply of electric power, is far more developed in North America than the rest of the world, with almost 95 percent of such programs located in that region, according to a study by Navigant Research.
The Demand Response Tracker 2Q13 currently includes 1,342 programs from around the world. Almost 95 percent of these programs are offered in North America. On a worldwide basis, programs identified as addressing capacity and economic market objectives represent a total of 732 and 585 programs, respectively. These two markets represent the majority of the overall market in terms of the number of programs, while the other two markets covered by the report – energy-trading and ancillary services – are very small with a combined total of only 25 programs, accounting for less than 1 percent of the total market.
Read more at Energy Manager Today.
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