Demand-Side Opportunities for Process Industry Participation in Electricity Markets

Iiro Harjunkoski; Santeri Vaara

doi:10.1021/acs.iecr.5c03604

Demand-Side Opportunities for Process Industry Participation in Electricity Markets

Iiro Harjunkoski^*
, Santeri Vaara

^*Corresponding author for this work

Hitachi Energy Research

Research output: Contribution to journal › Article › Scientific › peer-review

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Abstract

This paper elaborates on the topic of industrial demand side management, which has been a matter of research for about two decades. The “traditional” demand side management approach is based on estimating the future energy need and trying to align the load with the energy price forecast in order to minimize electricity cost. For power-intensive industries, this can have a significant economic impact. Here, we investigate the option of using an energy storage unit to make the energy consumption, i.e., the industrial load, more flexible. Installing a battery energy storage system can open up new opportunities, and we include the power reserve markets in the demand side management scope to allow large industrial loads to help keep the power grid stable.

Original language	English
Pages (from-to)	24675-24688
Number of pages	14
Journal	Industrial and Engineering Chemistry Research
Volume	64
Issue number	51
DOIs	https://doi.org/10.1021/acs.iecr.5c03604
Publication status	Published - 24 Dec 2025
MoE publication type	A1 Journal article-refereed

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SDG 9 Industry, Innovation, and Infrastructure

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Cite this

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title = "Demand-Side Opportunities for Process Industry Participation in Electricity Markets",

abstract = "This paper elaborates on the topic of industrial demand side management, which has been a matter of research for about two decades. The “traditional” demand side management approach is based on estimating the future energy need and trying to align the load with the energy price forecast in order to minimize electricity cost. For power-intensive industries, this can have a significant economic impact. Here, we investigate the option of using an energy storage unit to make the energy consumption, i.e., the industrial load, more flexible. Installing a battery energy storage system can open up new opportunities, and we include the power reserve markets in the demand side management scope to allow large industrial loads to help keep the power grid stable.",

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AU - Vaara, Santeri

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N2 - This paper elaborates on the topic of industrial demand side management, which has been a matter of research for about two decades. The “traditional” demand side management approach is based on estimating the future energy need and trying to align the load with the energy price forecast in order to minimize electricity cost. For power-intensive industries, this can have a significant economic impact. Here, we investigate the option of using an energy storage unit to make the energy consumption, i.e., the industrial load, more flexible. Installing a battery energy storage system can open up new opportunities, and we include the power reserve markets in the demand side management scope to allow large industrial loads to help keep the power grid stable.

AB - This paper elaborates on the topic of industrial demand side management, which has been a matter of research for about two decades. The “traditional” demand side management approach is based on estimating the future energy need and trying to align the load with the energy price forecast in order to minimize electricity cost. For power-intensive industries, this can have a significant economic impact. Here, we investigate the option of using an energy storage unit to make the energy consumption, i.e., the industrial load, more flexible. Installing a battery energy storage system can open up new opportunities, and we include the power reserve markets in the demand side management scope to allow large industrial loads to help keep the power grid stable.

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ER -

Demand-Side Opportunities for Process Industry Participation in Electricity Markets

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