Electric power systems are experiencing profound transformation driven by various factors. Bearing in mind the fact that most of today's electrical energy is produced using CO2 emitting fossil fuels, there is an obvious need to switch to renewable energy resources. Various new approaches under a 'Smart Gris umbrella' have thus emerged to tackle this problem. One of them is a so called Smart Hou...

This paper explores the importance of customer-industry engagement (CIE) to peak energy demand by means of a newly developed Bayesian Network (BN) complex systems model entitled the Residential Electricity Peak Demand Model (REPDM). The REPDM is based on a multi-disciplinary perspective designed to solve the complex problem of residential peak energy demand. The model provides a way to conceptu...

Demand response is getting increased attention these days due to the increase in electricity demand and introduction of renewable resources in the existing power grid. Traditionally demand response programs involve large industrial consumers but with technological advancement, demand response is being implemented for small residential and commercial consumers also. In this paper, demand respons...

With the increasing application of distributed energy resources and information technologies in the electricity infrastructure, innovative possibilities for incorporating the demand side more actively in power system operation are enabled. At the residential level energy costs could be reduced with intelligent price-based control concepts (demand response). A promising, controllable, residentia...

We empirically examine the asset pricing implications of the Beckerian framework of household production, where utility is derived from both market consumption and home produced goods. We propose residential electricity usage as a real-time proxy for the service flow from household capital, as electricity is used in most modern-day household production activities and it cannot be easily stored....

The adoption of smart grid systems has been accelerating around the world, with many pilot projects initiated throughout the developed world. However, there has been a lack of studies quantifying appliance level economic benefits that are available to the end consumers. Through coupling historical market information with an agent based residential load model, this study has quantified the econo...

The introduction of distributed energy resources (DER) is leading to significant changes in the way in which power systems are planned, operated and maintained. DER includes many different types of technology, ranging from producers of electricity such as microgeneration units to consumers of electricity such as heat pumps and electric vehicles. High penetrations of these new technologies are i...

Electricity is essential for all households irrespective of their geographical location. Its demand is increasing day by day due to the rapid population growth and greater use of electricity for better standard of living. As the conventional sources of energy are shrinking, a need has arisen to look for alternative sources of energy with more emphasis on its optimal use. This paper presents des...

This article presents the results of the first large-scale mail survey of non-residential green power customers in the United States. The survey explored the motivations, attitudes, and experiences of 464 business, non-profit, and public-sector customers that have voluntarily opted to purchaseFand frequently pay a premium forFrenewable electricity. Particular attention in this article is paid t...

A comprehensive survey of 1450 households in 26 Chinese provinces was undertaken in 2012 to identify the characteristics and potential driving forces of residential energy consumption in China. The survey covers six areas: household characteristics, dwelling characteristics, kitchen and home appliances, space heating and cooling, residential transportation, and electricity billing, metering, an...