EnerKnol Research: Demand Response to Grow Under Alternate Scenarios Regardless of FERC Order 745 Outcome
EnerKnol Research reports that demand response resources will continue to thrive under an upheld FERC Order 745 vacatur, despite concerns over wholesale energy market and electric system reliability impacts.
NEW YORK, March 2, 2015 /PRNewswire/ -- EnerKnol Research today released a report analyzing the implications of an upheld FERC Order 745 on demand response across the nation. The report finds the future for demand response participation in wholesale energy markets due to FERC Order 745 uncertainty will have mixed implications, but the resource will continue its growth in regardless of the regulatory outcome.
According to the EnerKnol Research report, Demand Response to Grow Under Alternate Scenarios Regardless of FERC Order 745 Outcome, an upheld vacatur would have varied impacts on stakeholders. Chief Policy Strategist Erin Carson notes in the report, "demand response resources could still thrive in retail and ancillary markets if Order 745 is vacated, but with varying impacts to industry." These variations are based on market structure and demand response enrollments in regional wholesale markets.
The greatest potential disturbance is to aggregators and suppliers in states covered by PJM Interconnection, which is set to receive $20+ billion in demand response value through future capacity commitments. State-level regulatory scenarios, such as initiatives to require utility adoption of demand response in New York, would allow resources to continue retail participation.
The report provides insight on the range of market impacts to demand response providers, curtailment service providers, generators, utilities, and electricity consumers under an upheld vacatur; and it offers scenarios for demand response providers and beneficiaries to prosper in the different regions.
About EnerKnol
EnerKnol is an innovative energy policy data and analytics company conceived to solve the problem of fragmented and confusing policy information that the financial market needs to make critical investment decisions in the energy industry.
To read the full report, visit www.enerknol.com/demand-response-continue-ferc-order-745. For more information about EnerKnol, visit www.enerknol.com and follow them on LinkedIn and @EnerKnol. Contact EnerKnol at [email protected] or 212-537-4797.
SOURCE EnerKnol
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