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Results for tag: "Demand Response"

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The Demand Response market is a subset of the energy industry that focuses on the management of electricity demand. It is a key component of the smart grid, which is a modernized electrical grid that uses digital technology to monitor and manage electricity demand. Demand Response programs are designed to reduce peak electricity demand, which can help utilities avoid costly investments in new power plants and transmission lines. Utilities can also use Demand Response programs to reduce their carbon footprint and improve grid reliability. Demand Response programs are typically implemented through a combination of incentives, such as time-of-use rates, and technology, such as automated demand response systems. These systems allow utilities to monitor and manage electricity demand in real-time, allowing them to respond quickly to changes in demand. Companies in the Demand Response market include EnerNOC, Comverge, and GridPoint. These companies provide a range of services, including demand response management, energy efficiency, and energy storage solutions. Show Less Read more