Markets 3.0: Integrating the Demand Side
Dr. Ralph D. Masiello
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13 Jun 2017
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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