How and why customers respond to electricity price variability: A study of NYISO and NYSERDA 2002 PRL program performance
This summer was the second year of operation for the New York Independent System Operator's (NYISO) suite of Price Responsive Load (PRL) Programs: the Day-Ahead Demand Response Program (DADRP), the Emergency Demand Response Program (EDRP), and the third year of operation for the Installed Capacity Program/Special Case Resources (ICAP/SCR) program. It also marked the second year that the New York State Energy Research Authority (NYSERDA) provided funding to support participation in these programs. NYISO and NYSERDA commissioned Neenan Associates to conduct a comprehensive evaluation of the performance of these PRL programs, building on methods and protocols developed last year and augmented by significant professional staff resources provided by the Consortium for Electric Reliability Technology Solutions (CERTS) with the U. S. Dept. of Energy (DOE) funding. The PRL program evaluation was undertaken from three perspectives. The first, top-down, perspective looks at the overall impact of PRL programs on New York electricity market prices and system reliability. Quantifying price impacts involves simulating what prices would have been had the curtailments not been undertaken. A supply model developed last year was used to reconstruct this year's market supply curve and estimate the change in hourly prices due to PRL-indiced curtailments. Reliability impacts were estimated by valuing the improvement in the reliability associated with curtailments undertaken through the EDRP and ICAP/SCR programs, which were jointly administered during 2002.
- Research Organization:
- Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- AC03-76SF00098
- OSTI ID:
- 842871
- Report Number(s):
- LBNL-52209; R&D Project: 673140; TRN: US200516%%1004
- Country of Publication:
- United States
- Language:
- English
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