Abstract
The distributed resources – distributed generations, storage, electric vehicles and smart appliances – have fueled many disruptions in the conventional grid dynamics. Increasing tough and competitive situations at demand-side have led the stakeholders of power system to reform, because people are more informed and can make decisions that has given rise to turbulent and volatile electricity markets. In such highly diversified and open market environment, the integrated control strategy has expedited the concept of Demand Response. Currently, the important questions in the area of demand response are likely to shift from whether to adopt dynamic pricing to how to achieve fast demand response by the combination of technology and a competitive retail electricity market.
This paper assembles the part and parcel in the light of existing technologies for the development of the concept of agility in demand response, that can play a role as a service package which is designed to meet the customer satisfaction efficiently and reliably as well as improve the market responsiveness.
For the first time, this paper encompasses the concept of Agile Demand Response that is defined as the ability of power system to survive and prosper in the competitive retail market by reacting to the market needs fast and effectively which are driven by the customers. This paper also presents the key enablers of the agile demand response, which are (1) Retail Market, (2) Virtual Supply-demand matching mechanism, (3) Integrated information system and (4) Stay Committed. The paper concludes that by bringing the enablers together – Agile DR improves the responsiveness to the retail market changes unambiguously.