1. Baltimore Gas and Electric Pilot Program
This pilot showcased the effectiveness of price-based demand response, where consumers demonstrated increased price responsiveness over time. The study found high customer satisfaction rates, with many participants willing to continue in the program.
2. Salt River Project (SRP)
SRP has been successful in implementing price-based demand response programs, with about 45% of its residential customers on time-of-use (TOU) plans. SRP’s smart thermostat program provides substantial load reduction during peak hours, contributing to grid reliability.
3. Tampa Electric’s Dynamic Pricing
Tampa Electric offers dynamic pricing to control energy usage. The program features four pricing tiers (low, medium, high, and critical), which encourage customers to reduce consumption during peak periods. The utility has reliably shed load during peak times using this method.
4. Lawrence Berkeley National Laboratory (LBNL) Study
A study by LBNL highlighted the potential of price-based demand response programs to optimize dispatch and reduce costs by leveraging customer-owned resources. This approach can be cost-effective if properly valued and implemented.
These examples illustrate how price-based demand response programs can effectively manage energy consumption by aligning consumer usage with dynamic pricing signals, leading to cost savings and grid reliability improvements.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-you-provide-examples-of-successful-price-based-demand-response-programs/
