The data has been compiled by Navigant Research, and its senior research analyst Marianne Hedin said: “Demand response continues to exhibit strong growth in North America, but it is also showing increasing adoption in other regions, particularly in Europe and Asia Pacific.”
She added: “A growing number of utilities and grid operators, in countries such as the United Kingdom, France, Australia, New Zealand, China, Hong Kong, South Africa, Japan, and South Korea, have actively taken steps to implement or expand their DR offerings.”
Demand response programmes aim to achieve stability on the grid by ensuring that demand does not exceed supply of electric power. In the last ten years, utilities and grid operators have adopted new technologies and practices to move demand resources to the next evolutionary phase, offering more advanced types of demand response schemes.
According to Navigant, demand response falls into four market models, each addressing different objectives: capacity, economic programmes, ancillary services and energy trading.
The report states that capacity and economic market objectives account for the majority of the overall market, in terms of the number of programmes, while the energy-trading and ancillary services markets are very small, with a combined total of only 25 programmes, accounting for less than 1 percent of overall demand response schemes.