IPTO, the power grid operator, has reported a high level of demand expressed at today’s demand response auction.

The demand response mechanism enables major industrial enterprises to benefit from electricity cost savings in exchange for shifting energy usage to off-peak hours whenever required by the operator.

Details published by the operator on yesterday’s session showed that demand for a first category offering industrial units a two-hour warning to disrupt energy usage reached 750MW, while demand in the second category, offering industrial units just a five-minute warning, reached 900 MW.

The price for the first category was shaped at 50,000 euros per MW while the second category’s price was 48,000 euros per MW.