What is demand response in SAP CRM-IU-DSM - Demand Side Management?

SAP Term: demand response

• Component: CRM-IU-DSM

• Component Name: Demand Side Management

• Description: A concept where utilities customers contribute to energy load reduction when demand is high or when system reliability is at risk. It implements measures such as dynamic pricing or tariffs, price- responsive demand billing, contractually obligated and voluntary curtailment, or direct load control or cycling. &EXAMPLE& The air conditioning for a large office building can be cycled in a 15-minute on-off pattern.

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• Key Concepts: 
  Demand response is a feature of SAP's CRM-IU-DSM Demand Side Management component that enables customers to respond to changes in demand for energy. It allows customers to adjust their energy consumption in response to changes in the market price of energy, or to take advantage of incentives offered by energy providers. This helps customers save money on their energy bills and reduce their environmental impact. 
  
  How to use it: 
  Demand response can be used by customers to adjust their energy consumption in response to changes in the market price of energy. Customers can set up rules that will automatically adjust their energy consumption when the market price of energy changes. They can also take advantage of incentives offered by energy providers, such as discounts for using less energy during peak times. 
  
  Tips & Tricks: 
  When setting up rules for demand response, it is important to consider the cost of energy and the potential savings that can be achieved. It is also important to consider the environmental impact of adjusting energy consumption, as this can have a positive effect on reducing emissions. 
  
  Related Information: 
  SAP's CRM-IU-DSM Demand Side Management component is part of the SAP Energy Management Suite, which provides customers with tools and insights to help them manage their energy usage more efficiently. The suite also includes features such as demand forecasting, load forecasting, and demand optimization.