What is FERC Order 745?

What is FERC Order 745?

The Supreme Court ruling, at its base, affirmed FERC’s role in regulating demand response resources in wholesale markets. FERC Order 745, issued in 2011, stipulated that demand response providers must be compensated for reducing electricity load at the same rates as if they met that demand with generated electricity.

What is FERC Order 890?

In Order No. 890, FERC acknowledges that its existing regulatory scheme creates inefficient use of the nation’s transmission system by creating artificial barriers to use of the grid.

What is demand response utilities?

Demand response provides an opportunity for consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage during peak periods in response to time-based rates or other forms of financial incentives.

What is FERC Order 888?

Specifically Order No. 888: Required all public utilities that own, control or operate facilities used for transmitting electric energy in interstate commerce to file open access non-discriminatory transmission tariffs that contain minimum terms and conditions of non-discriminatory service.

How do demand response programs work?

Demand response is a voluntary PJM program that allows end use customers to reduce their electricity usage during periods of higher power prices. In exchange, end-use (retail) customers are compensated through PJM members known as Curtailment Service Provider for decreasing their electricity use when requested by PJM.

What is meant by demand response?

Demand response (DR) is broadly defined as a measure for reducing energy load in response to supply constraints, generally during periods of peak demand.

Why was FERC created?

When FERC was established in 1977 as a replacement for the Federal Power Commission, its mandate was to determine whether wholesale electricity prices were unjust and unreasonable and, if so, to regulate pricing and order refunds for overcharges to ratepayers.

What is FERC Oasis?

The OASIS sites are used for customers to request transmission services and to designate and terminate network resources and for the transmission providers to post some of the Federal Energy Regulatory Commission (FERC) required postings, such as business practices, transfer capacity, transmission service products and …

What is residential demand response?

Demand Response (DR) programs can help you save energy and money. DR programs provide incentives for reducing electricity use when demand for electricity is high. You can choose from a variety of DR programs through SCE and independent third parties who provide DR services.

What is the aim of demand response strategy?

The goal of demand response strategies is to meet the electric shed savings targets while minimizing any negative impacts on the occupants of the buildings or the processes that they perform.

What is the difference between demand side management and demand response?

What I have understood, “The Demand Response (DR) is subset activities of electricity Demand Side management (DSM) simply refers programs to reduce end-users energy consumption during periods of peak demand or in response to dynamic price indications in return for monetary compensation.”

What is the mission of FERC?

FERC’s Mission: Assist consumers in obtaining reliable, safe, secure, and economically efficient energy services at a reasonable cost through appropriate regulatory and market means, and collaborative efforts.

What is Oasis transmission?

OASIS enables transmission providers and transmission customers to communicate requests and responses to buy and sell available transmission capacity offered under the Open Access Transmission Tariff.