In today’s rapidly changing energy markets, the role of direct load control programs are increasingly recognized as an underutilized resource 1 capable of providing numerous benefits to our electricity grid and to our society as a whole. Although different names are used to describe these programs, we use the term Demand Response (DR) to include the overarching segment of load participation res...

Demand side management (DSM) consists of planning, executing, and controlling activities to reduce electricity consumption. By using demand response (DR), customers help during peak times. Consumer participation in DSM depends on his behaviour. behaviour is determined by factors such as lifestyle, price, consumption tariff, contract type etc. Thus, affecting the consumer's should be considered ...

Transactive Energy (TE) is envisaged as an advanced demand response (DR) variant to leverage the flexibility of distributed energy resources (DERs) for enhancing balance and network management in modern power systems. However, there have been limited implementations TE frameworks low voltage (LV) residential networks capture underutilised potential DER-equipped prosumers. The main purpose this ...