Reducing the complexity of Demand Side Response (DSR)
Discover how you can benefit from the simplicity of DSR and achieve financial savings and opportunities.
Good energy management creates energy savings, environmental benefits and helps reduce the risks with security of supply. Total visibility of energy usage is needed to make beneficial changes, such as increasing, decreasing or shifting the source of electricity consumed.
Demand side response (DSR) uses intelligent energy asset monitoring, with real-time site data, to analyse energy usage. This allows the right decisions to be made, at the right time. You can take advantage of financial incentives, saving on total energy costs and providing additional revenue for your business. In addition, DSR helps you to reduce your carbon footprint and improve your site’s resilience.
The benefits of using a demand side provider
A flexible and smart approach to energy use means costs can be reduced and new sources of revenue can be created. Demand side providers use DSR energy asset monitoring and analytical data to decide when the best time is to trade energy with electricity system operators.
Demand side providers work with you to agree a framework for using DSR on your assets. You always remain in control of the decision-making processes so that energy management processes are optimised. By talking to both energy users and system operators, they decide:
- When to use less energy (when electricity costs are at their peak/highest cost).
- If onsite generation assets and battery storage should be used instead of grid electricity (at periods of high electricity cost).
- When to use more energy (during off-peak periods, at lowest electricity cost).
- If it is viable to use onsite generation assets to feed and sell surplus power back onto the grid (via short-term power markets).
Based on analytical capability, demand side providers forecast the timing of highest electricity costs so that elevated charges can be avoided.
Providers can take away a lot of the burden of DSR. They provide peace of mind that options chosen will optimise energy usage and associated financial benefits. They can help your business to reduce the risk of a site’s electricity supply being switched-off.
Industries using DSR
DSR has become increasingly popular with many businesses and large energy users. It allows them to save on their energy costs, gain new revenue streams and create an added site resilience. Some of the industries already making use of DSR to operate their facilities include:
- Educational facilities – universities/schools.
- Industrial and manufacturing facilities.
- Healthcare – hospitals.
- Data management facilities.
- Large office buildings.
What do demand side providers do?
Demand side providers have the necessary expert knowledge and experience to put in place those DSR initiatives with the best financial return. They can improve your business’s overall risk management strategy. Crucially, demand side providers have all-important systems and processes to participate in the energy markets.
Providing specialist advice, demand side providers do the following.
Carry out site assessments
To understand your organisation’s operations and the opportunities available, using:
- a detailed site audit, focusing on energy assets and energy-dependent processes.
- analytics to look for improvements and additional technologies that can be used.
An individually-tailored DSR solution can maximise the value of your assets, while ensuring continued confidence in business operations.
There are different energy market schemes:
- Frequency response – earn revenue by adjusting consumption in real-time to keep the grid operating within specified parameters.
- Reserve services – earn revenue by reducing consumption or feeding power back into the grid when required by the System Operator.
- Peak demand management – save significant cost by rapidly reducing your energy consumption during Triad events.
- Demand turn up – earn revenue by increasing consumption when the grid has surplus power available.
- Capacity market – obtain payment for the supply of reliable sources of energy.
Onsite control panel is required for remote communication.
Activate revenue streams
Connect site assets and communicate via an energy asset monitoring system with the grid.
DSR equipment maintenance
24/7 monitoring to ensure businesses continue to operate normally.
Increased flexibility without negative impact
Demand side providers simplify the complexity of DSR, and they open up significant opportunities for business energy users. This facilitates the development of key business strategies around energy efficiency, sustainability and renewable generation.
Importantly, moving to DSR in a prescribed way should not cause any disruption. Controlled implementation of DSR allows businesses to carry on operating normally, with no changes to the way in which the business is run – providing the benefits of increased flexibility but without negative impact.
- DSR is the intelligent use of energy – using 24/7 real-time energy asset monitoring.
- DSR enables businesses to save on energy costs by increasing, decreasing or shifting their energy consumption.
- Demand side providers have expert knowledge and experience to offer specialist advice on DSR.
- Businesses gain full visibility and control over their energy use.
- Using DSR effectively will optimise your business operations.
Learn more about our DSR service here or get in touch at firstname.lastname@example.org