Integrating Demand Side Management in Urban Cooling Systems
This presentation shared the insights into the demand response scheme at the industrial customers in Singapore. This real case illustrated the benefits of demand response by reducing end-users electricity bills, improving the asset utilization rate, and increasing the efficiency of the whole electricity system. Drawing on Singapore's experience, many Asian countries can glean lessons to provide effective financial and incentive mechanisms to reflect the value of demand response. This presentation also provided insights into the institutional settings and market rules, which are important to design responsibilities and incentives in various contexts of the electricity market.