Balancing market entry imminent for demand response

The imminent approval by RAE, the Regulatory Authority for Energy, of a legal framework for demand-response green aggregators represents a first step towards the entry of a second category of players into the balancing market.

RAE president Athanasios Dagoumas made reference to the prospect this week during a speech delivered at an Ecomobility conference staged by HAEE, the Hellenic Association for Energy Economics.

“One of the first revisions to be made in 2022, early on, too, concerns demand response participation [in the balancing market],” the RAE head told the conference.

Demand-response green aggregators will offer balancing services to the grid through appropriate consumption adjustment of load portfolios managed by them.

The energy ministry and RAE are aiming to include the demand response system into the balancing market within the year’s first quarter, sources told energy press.