Category: 📘 Glossary & Acronyms
Price Responsive Load (PRL)
Electricity demand that changes in response to electricity price signals.
Price responsive load refers to electricity consumers who adjust their electricity usage based on electricity prices.
When electricity prices are high, consumers may reduce consumption. When prices are low, they may increase consumption.
This responsiveness helps improve electricity market efficiency and supports balancing of electricity supply and demand.
PRL resources may participate in electricity markets by submitting bids that specify how much electricity demand they are willing to reduce at certain price levels.
A large industrial facility may reduce electricity usage during periods of high electricity prices to reduce operating costs.
Last Updated: YYYY-MM-DD