A demand-response mechanism is expected to be introduced to Energy Exchange markets by early March, following a consultation procedure for revisions to rules concerning the exchange’s day-ahead and intraday markets.
Completion of the consultation procedure, expected to commence within the next few days, according to energypress sources, will enable a demand-response mechanism to be applied in the day-ahead and intraday markets for the first time since Greece’s adoption of the target model.
The basic idea is to actively involve the demand-response mechanism – the consumption side – for creating economic signals that will enable better management of the energy market.
This particularly concerns distributed loads or industrial loads that will be able to participate in markets on competitive terms with all other electricity producers, while at the same time setting signals for the balancing market.
The European framework, especially the Clean Energy Package and subsequent EU regulations, envisages full demand-response participation in electricity markets. EU member states and their respective market operators and energy exchanges have been requested to take all necessary measures to make this possible.