Markets 3.0: Integrating the Demand Side

Markets 3.0: Integrating the Demand Side
Posted: 13 Jun 2013
Dr. Ralph D. Masiello
Primary Committee:
IEEE Smart Grid Newsletters
Pages: 3

As demand response mechanisms allowing for rapid and automatic responses to market conditions become ubiquitous in grids a development dubbed Markets 3.0 there will be wide implications for both technology and procedures. For example, the smart meters being rolled out today may not be quite smart enough; measurement and validation tasks used in settlements will have to be rethought; and there will be demand for appliances capable of acting and reacting autonomously.

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