In a Utility Dive brief, Guidehouse Insights discusses why residential demand response is expected to grow globally over the next decade
Residential demand response (RDR) is growing worldwide as new technology and use cases allow utilities to look for help integrating renewables and reducing expensive peak load.
Utility Dive highlighted the following expected residential demand response results from a recent Guidehouse Insights report:
This expected RDR growth is being driven by technological innovations, the use of demand response for load shifting, and integrated demand-side management, which, because of distributed energy resources, is expected to help drive future efficiency spending.
"Advanced thermostats continue to drive growth for residential demand response programs, but over the next decade, additional technologies like residential storage and electric vehicle supply equipment will also play a role in driving deeper savings," said Jessie Mehrhoff, research analyst at Guidehouse Insights.
In energy markets with more intermittent renewables, Mehrhoff said there will be a growing need for demand response as a load-shifting tool to move peaks toward periods with more clean energy.