@misc{22953, keywords = {electricity markets, LR00-003, Load as a Resource}, author = {John D Kueck and Brendan J Kirby and Robert H Staunton and Joseph H Eto and Chris Marnay and Charles A Goldman and Carlos A Martinez}, title = {Load As a Reliability Resource in Restructured Electricity Markets}, abstract = {

Recent electricity price spikes are painful reminders of the value that meaningful demand-side responses could bring to the restructuring US electricity system. Review of the aggregate offers made by suppliers confirms that even a modest increase in demand elasticity could dramatically reduce these extremes in price volatility. There is a strong need for increased customer participation in markets to enhance system reliability and reduce price volatility. Indeed, allowing customers to manage their loads in response to system conditions might be thought of as the ultimate reliability resource.

}, year = {2001}, journal = {Consultant Report prepared for the California Energy Commission}, pages = {77}, month = {06/2001}, publisher = {CERTS}, }