Power demand response plan

Aluminium of Greece has become the first industry to utilize the demand response service in the balancing market, in which electricity is bought and sold in real time to ensure the stability of the electricity system.

Until recently, balancing services were offered to the system for a fee only by conventional power plants, resulting in high prices due to limited competition. Through the demand response service, bids can now be submitted to the balancing market by Demand Response Cumulative Representation Entities that have been licensed by the Regulatory Authority for Energy (RAE) and represent industries and other large consumers.

When ADMIE, which operates the balancing market, finds that it needs additional energy to that which has been declared in the next day's market in order to cover the demand, it will be able to get an offer from a demand response entity for...