Time Sensitive Pricing; Ancillary Services are the third of three reporting types for controllable and dispatchable demand response. Demand Response services are those services necessary to support the transmission of capacity and energy from resources to loads while maintaining reliable operation of the Transmission Service Provider’s transmission system in accordance with good utility practice. Ancillary Services provided by Demand Response typically fall into two primary categories: reserves and regulation.
(Source: 2011 North American Electric Reliability Corporation Report)
Time Sensitive Pricing can be broken up into four separate sub categories:
- Time-of-use (TOU)
- Critical Peak Pricing (CPP)
- Real-Time Pricing (RTP)
- System Peak Response Transmission Tariff (4CP Response)