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Managing Energy Resources Assignment

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Added on  2021-04-24

Managing Energy Resources Assignment

   Added on 2021-04-24

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Running head: MANAGING ENERGY RESOURCES AND REGULATIONSManaging Energy Resources and RegulationsName of the StudentName of the UniversityAuthors NoteCourse ID
Managing Energy Resources Assignment_1
MANAGING ENERGY RESOURCES AND REGULATIONS1Table of ContentsIntroduction:...............................................................................................................................2Demand side responses:.............................................................................................................2Barriers to demand side response:..............................................................................................4Distribution generation:.............................................................................................................5Environmental impact of Distributed Generation:.....................................................................6Demand reduction:.....................................................................................................................7Financial and technological trends brought about by regulations in UK:..................................8Conclusion:..............................................................................................................................10Reference List:.........................................................................................................................11
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MANAGING ENERGY RESOURCES AND REGULATIONS2Introduction: The demand side response is concerned with the intelligent use of energy. With thehelp of demand side response services, businesses and customers can turn up, down or mayshift in real time. The demand side response is regarded as the vital tool in helping to make asecure sustainable, secure and affordable electricity system (Behrangrad 2015). It helps inunderstanding that the peaks in the demand and fill in troughs, particularly during theinstances when the power is more abundant, affordable and clean. For the business and the customers, the demand side response is regarded as the smartmethod of saving on the total costs of energy and reducing the carbon footprint. Bypromoting greater and wider participation the problems of industry can be turned into thecustomer opportunity. The current report is based on critical analysis of the demand sidemanagement strategies and explaining the drivers of and barriers to their implementations.Considerations would also be paid in respect of technological and financial trends bought inby the regulations in the United Kingdom. Demand side responses: Demand side responses is regarded as one of the key demand management measuresthat are available to assist balancing the network. The demand side response addresses thebalancing constraints by adjusting the energy consumption with the objective of mitigatingover of under supply. By altering the profile of the demand and growing the flexibility of thedemand side response, DSR can help the market of electricity to adopt the availability of thesupply and demand requirements (Spence et al. 2015). The Demand side responses inspiresthe customers in undertaking short term shifting of demand i.e., to increase and decrease theconsumptions in order to increase the export or take up the excess energy from the electricitynetwork.
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MANAGING ENERGY RESOURCES AND REGULATIONS3There are other demand side management tools that comprises of energy efficiencyand distributed energy. The energy efficiency helps in reducing the demand permanently andcomprises of the measures namely the building insulation, more efficient lighting solutions,with higher efficiency boilers etc. Distributed energy can be defined as generation of poweron the system such as system for storage and standalone distribution units etc. The respondents from interview has stated several benefits of demand side responseand have even argued that demand side response could produce value for the GB system byintroducing greater amount of efficiency in respect of system capacity (Li et al. 2017).Introducing greater efficiency helps in guaranteeing sufficient supply of security at apotentially lower costs than the thermal generation. Another benefits of demand sideresponses is potentially reducing the greenhouses gas emission by lowering the demand forhigher emission peaking plant to create a balance in the system. In context of UK this isimportant in moving towards the low carbon economy where there will a constraint in thesystem by the intermittent generation (Gouldenet al. 2014). Making effective utilization ofplant help in reducing the greenhouse gases emission and resource consumption. An acknowledgement has been put forward by interviewees which states the benefitsof DSR is difficult to quantify, even though some have pointed in the direction of specificpapers for indicative estimates (Gelazanskas and Gamage 2014). For instance, a reportspecially made by Energy UK public data states that 20% of the peak demand of 12GW canbe successfully shifted on demand. A report prepared by the sustainability first defined thatthe technical potential of demand management is capped at system peaks which rangesbetween 33% during winter and 29% during summer.
Managing Energy Resources Assignment_4

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