This milestone initiative should create opportunities for customers to cut costs – while keeping their lights on – via demand response. Specifically, participating customers will get paid to reduce energy use during peak demand times. This is similar to campaigns run by Ausnet Service Critical Peak and other networks.
Ultimately, the initiative, like all demand response, is intended to:
Designing the industry
Energy Networks Australia CEO John Bradley said:
Demand response can mean networks are able to delay, or even cancel, new network developments.
What’s more, the ARENA initiative will further integrate demand response with low-cost and intermittent generation into the grid. This customer-driven energy dynamic should help customers and networks save millions in energy costs, as long as resources for energy reliability and affordability are available.
Businesses who buy their electricity from the wholesale market, like Flow Power customers, are in the perfect position to take advantage of demand response programs. They are already responding to the peak signals and mastering the power market. By taking part in these programs, businesses can be paid an extra dividend for their normal operations.
Want to know more?
Learn more about the ARENA initiative.