Smart Cities

Demand Response set to be a ‘Multi-Billion Market by 2016′

Demand response (DR) continues to evolve as the smart grid’s “killer application”, leveraging technology infrastructure to deliver measurable value to utilities, grid operators, and customers alike. The demand response market encompasses hardware, software, and services, but it is the services sector that is defining the future direction of the business, both within the United States which is the leading market for DR, as well as in Europe and Asia Pacific, where the DR market is developing quickly. The DR services market is segmented into three main areas: curtailment services, systems integration/consulting services, and outsourcing services. Because the DR services sector still represents an evolving market, it is currently relatively small with an estimated worldwide spending of $1.3 billion in 2011. Thanks to a variety of positive market forces, especially the widespread installations of smart meters, this market is projected to experience a robust compound annual growth (CAGR) rate of 37% to become a multi-billion market […]

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Demand response (DR) continues to evolve as the smart grid’s “killer application”, leveraging technology infrastructure to deliver measurable value to utilities, grid operators, and customers alike. The demand response market encompasses hardware, software, and services, but it is the services sector that is defining the future direction of the business, both within the United States which is the leading market for DR, as well as in Europe and Asia Pacific, where the DR market is developing quickly.

The DR services market is segmented into three main areas:

  1. curtailment services,
  2. systems integration/consulting services,
  3. and outsourcing services.

Because the DR services sector still represents an evolving market, it is currently relatively small with an estimated worldwide spending of $1.3 billion in 2011.

Thanks to a variety of positive market forces, especially the widespread installations of smart meters, this market is projected to experience a robust compound annual growth (CAGR) rate of 37% to become a multi-billion market by 2016.

The second annual European Demand Response and Dynamic Pricing conference will cover the latest on the different stakeholder roles, consumer needs and actions, and the initiatives to shift consumer behaviour, enabling technologies, and specific programs in Europe and beyond. Topics addressed include co-operation between consumption, transmission, distribution and generation as essential in achieving the low carbon future set out by the European Union.

Demand response will form a central part in achieving this aim resulting in active participation of customers ensuring consumer benefits, increased security of supply and a reduction in carbon emissions. Don’t miss out on the ideal opportunity to meet key stakeholders in the European and international demand response community.

Network with and hear presentation from:

  • Professor Philip Taylor, Deputy Director, Durham Energy Institute
  • Cathy Mannion, Director – Electricity Networks and Retail, CER Ireland
  • Dr Philip E Lewis, Founder/CEO, VaasaETT
  • Stewart A Reid, Future Networks & Policy Manager, Scottish and Southern Energy
  • Jim Cardwell, Head of Regulation and Strategy, Northern Powergrid
  • Klaus Baggesen Hilger, Senior Innovation Manager – Innovation Centre, DONG Energy
  • Chris Harris, Head of Retail Regulation, RWE Npower
  • Eric Nordgren, Programme Manager – Metering, Vattenfall
  • Professor Goran Strbac, Professor – Electrical Energy Systems, Imperial College
  • Dr David Wallom, Associate Director – Innovation, Oxford eResearch Centre (OeRC), University of Oxford
  • Dr Jacopo Torriti, Lecturer – Sustainable Technologies, University of Reading
  • Yoav Zingher, CEO/Co-Founder, KiWi Power
  • Frens Jan Rumph, Innovator – Service Enabling and Management, TNO
  • Andreas Berthold-van der Molen, Industry Lead EMEA – Power and Utility Industries, Microsoft
  • Dr Gareth Taylor, Reader and Director – Brunel Institute of Power Systems (BIPS), Brunel University
  • Hugo Schonbeck, Director, GPX International
  • Dr Anna Plowdowski, Trustee, Peckham Power

For more information, visit http://www.smi-online.co.uk/2012demandrespnse44.asp

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