How does it work?
VPP is called
Earn regular payments
Reliability Demand Response
To manage electricity supply in case of an emergency, load curtailment can be requested by the KPX if the reserve power level is in the “preparation” or “notice” stages (less than 6.5 GW of electricity demand reserve available), to reduce demand on the system.
With this program, businesses respond to the grid signal for 1 to 4 hours, with three to five mandatory events of curtailment per year.
Voluntary Demand Response
There are other Demand Response programs where participation is voluntary. These include Economic, Peak Demand and Fine-dust Demand Response, which can be done without a request for demand reduction by the KPX.
- Economic: Businesses who participate in the Reliability program can also participate in voluntary bidding to compete with the generation price from power generation plants.
- Peak: Businesses can curtail their load when power supply is expected to exceed the standard level of demand due to winter and summer peak usages and earn revenue.
- Fine-dust: Businesses can curtail their load due to the emission of fine-dust caused by coal generation and be rewarded.
If your business is enrolled in Reliability Demand Response, you can opt-in to any Voluntary Demand Response program of your choice at any time of day, which we manage on your behalf.
Contact our team to learn which programs would best suit your business.