“…This means capturing all key demand response characteristics and capabilities in grid planning tools and processes, which to first order has been done. Several studies have represented demand response as a zero-cost resource in grid capacity expansion and production cost models (Hummon et al 2013;O'Connell et al 2015;Stoll, Buechler, and Hale 2017;McPherson and Stoll 2020;Murphy et al 2021), and other studies have developed demand response supply curves and other cost data (Alstone et al 2017;Potter and Cappers 2017;Nubbe et al 2021). Incorporating demand response dispatch capabilities, enablement costs, and participation supply curves into grid planning models allows demand response to be a price-maker ; that is, demand response can change investment and operational decisions and thus directly inform grid service marginal prices.…”