Market Research Report
Demand Response for Renewables Integration: DRRI Market Drivers and Barriers, Case Studies, and Global Market Forecasts
|Published by||Navigant Research||Product code||577216|
|Published||Content info||47 Pages; 33 Tables, Charts & Figures
Delivery time: 1-2 business days
|Demand Response for Renewables Integration: DRRI Market Drivers and Barriers, Case Studies, and Global Market Forecasts|
|Published: November 8, 2017||Content info: 47 Pages; 33 Tables, Charts & Figures||
Small amounts of intermittent renewable generation like solar and wind power have almost no measurable effect on overall system stability. Yet, anticipating the degree to which generation goes up and down rapidly-called ramp events-is critical to supporting grid stability in a cost-effective manner when penetration exceeds 10%-15%. Maintaining the balance in supply and demand is an important way to increase the reliability of the electricity grid. One method to sustain this balance is to use demand response for renewables integration (DRRI) solutions.
Electricity grids are designed to operate under specific conditions. For example, the nominal frequency level is designed to be 60 Hz with some allowance for small deviations. However, large deviations in frequency can lead to a failure in the operation of the grid. Large frequency deviations can be caused by a supply-demand imbalance potentially due to an oversupply of renewable energy. DRRI can increase or decrease customer loads based on renewables output, so grid operators will increasingly turn to these solutions to maintain system frequency. Such solutions can supply flexible capacity resources to meet specific renewable balancing needs like ancillary services. According to Navigant Research, global revenue from commercial and industrial (C&I) and residential customers that participate in DRRI is expected to grow from $132.1 million in 2017 to $1.3 billion in 2026.
This Navigant Research report examines the global DRRI market, focusing on both C&I and residential market participants. The study provides an analysis of the market issues, including drivers and barriers, associated with DRRI solutions. Global market forecasts for capacity and revenue, broken out by segment and region, extend through 2026. The report also examines the key global trends related to DRRI solutions and provides case studies of DR programs or markets that can help address renewables integration.