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Access documents related to the Price-Responsive Demand project.

Project Overview

On March 15, 2011, the Federal Energy Regulatory Commission (FERC) issued , which requires organized wholesale energy markets to pay demand-response providers the market price for electric energy for reducing consumption below expected levels, when doing so lowers costs to consumers and helps balance real-time supply and demand. .

Various sets of changes to the market rules are being implemented to meet the obligations of Order 745 through the ISO’s full integration of demand response:

• The ISO modified its existing demand-response programs to immediately comply with the requirements of Order 745.
• The ISO is also working toward full integration of demand response into the energy markets to further improve overall market efficiency.
• The ISO has proposed modifications to market rules to allow demand response resources that participate in the energy market to also provide reserves, similar to other supply resources.

The Price-Responsive Demand project is just one of several at the ISO, which continuously undertakes a variety of short- and long-term projects to enhance the region’s competitive wholesale electricity markets and ensure reliable operation of the power grid.