With supply going down for nuclear and coal plants in the UK, the market for intermittent power is booming. UK has the biggest market for Demand Response in all of Europe. Peak demand for electricity could be reduced by 10% which in turn lowers electricity bills.
Demand response (also known as load response) is end-use customers reducing their use of electricity in response to power grid needs, economic signals from a competitive wholesale market or special retail rates.
Demand response enables utilities to avoid building new power plants that are used only during the peak hours of the day (typically late afternoon to early evening). Building and operating plants that are used only on occasion (also known as €œpeaker plants€Â) is expensive, and those costs are eventually passed on to utility ratepayers. Demand response also enables utilities to avoid purchasing high-priced wholesale energy by reducing the demand for that energy at particular times of the day. Wholesale energy costs are eventually passed on to ratepayers so to the extent that those costs can be lowered by demand response, ratepayers will benefit.. Demand response also provides system and local reliability benefits in that they enable utilities to avoid the use of rolling blackouts when there is not enough generation to satisfy demand. Finally demand response provides environmental benefits by enabling the utilities to avoid the use of peaker plants. Peaker plants typically have higher greenhouse gas and other air emissions. Demand response also has the potential to integrate more renewable energy (wind, solar, etc.) into the grid.
Occasional storms and heat waves, as well as periodic power plant repairs and maintenance, have the potential to affect worlds supply and demand for electricity. When demand is high and supply is short, power interruptions can sometimes be the result. Building enough power plants to satisfy every possible supply and demand scenario is one possibility, but the cost and environmental impact of that would be tremendous.
Demand response programs are designed to be both fiscally and environmentally responsible ways to respond to occasional and temporary peak demand periods. The programs offer incentives to businesses that volunteer and participate by temporarily reducing their electricity use when demand could outpace supply.
What the Report Offers
·Market Definition for the specified topic along with identification of key drivers and restraints for the market.
·Market analysis for the United Kingdom demand response Market, with region specific assessments and competition analysis on a global and regional scale.
·Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
·Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
·Identification and analysis of the Macro and Micro factors that affect the United Kingdom demand response market on both global and regional scale.
·A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET OVERVIEW
3.2 Benefits of a DRMS
3.3 Spending Forecast to 2023
3.4 Recent Developments
3.5 Government Policies and Regulations
4. MARKET DYNAMICS
5. PORTER’S FIVE FORCES FRAMEWORK
5.1 Threat of New Entrants
5.2 Threat of Substitute Products or Services
5.3 Bargaining Power of Customers
5.4 Bargaining Power of Suppliers
5.5 Intensity of Competitive Rivalry
6. PESTLE ANALYSIS
7. KEY COMPANY PROFILES (OVERVIEW, PRODUCTS AND SERVICES, FINANCIALS**, RECENT DEVELOPMENTS)
8. COMPETITIVE LANDSCAPE
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
9.1 Contact Us
**Subject to availability on Public Domain