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Full Description
This book analyzes the economic and technical effects of demand response programs in smart grids. A variety of operational and financial benefits are offered by demand response programs (DRPs) for load-serving entities, grid operators, and electricity consumers. The most notable advantages of DRPs are presented in this book, including decreased electricity prices, risk management, market power mitigation, and flexibility of market operations. In-depth chapters discuss the integration of demand response programs for the planning and operation of smart grids and explore the uncertainties of market prices, renewable resources and intermittent load management, making this a useful reference for a variety of different organizations and players in the electricity market, such as reliability organizations, distribution companies, transmission companies, and electric end-users.
Contents
Concept and glossary of demand response programs.- Comprehensive modeling of demand response programs.- Linear and nonlinear modeling of demand response programs.- Modeling an improved demand response program in day-ahead and intra-day markets.- New Demand Response Platform with Machine Learning and Data Analytics.- Demand-side management programs of the international energy agency.- Demand Response Application in Generation, Transmission and Distribution Expansion Planning.- Optimal Stochastic Planning of DERs in a Game Theory Framework Considering Demand Response and Pollution Issues.- Impact of Demand Response Program on Hybrid Renewable Energy Systems Planning.- Application of demand response program on dynamic planning of energy storage system allocation in distribution networks.- FACTS Device Allocation in the Presence of Demand Response Program.
