|Business Model Name||Demand Response (DR)|
|Business Model Description||Demand response (DR) encompasses a large category of technologies and applications. It refers to energy loads that can be adjusted to provide electricity services to the power system. DR can be automatically activated in response to price signals, manually in response to a request from the DR business, or via an alternative dispatch signal. The demand response business model (DRBM) is tool that helps in fostering energy flexibility in a cost-efficient and sustainable manner. The framework of DRBM is outlined by nine elements i.e., flexibility product, flexibility market segment, service attributes, demand response resources, resource availability,|
demand response mechanism, communication channels, cost structure and revenue model.
|Business Model Reference||https://doi.org/10.1016/j.jclepro.2020.124539|
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