In this work we evaluate the inefficiency in the sense of Pareto of the electricity system and its similarity to the tragedy of the commons. Also, we propose an incentives scheme that promotes optimal outcomes in the inefficient electricity market. The economic incentive might be seen as an indirect revelation mechanism that uses a one dimensional message space, and it is valid for any concave ...

Nowadays, demand response has become one of the essential components of recent deregulated power systems as it can offer many distinguished features, such as availability, quickness, and applicability. DRPs (Demand response programs), announced by the federal energy regulatory commission, are among the most accepted and practical features of demand side management. DRPs not only can contribute ...

We study a demand response problem from operator’s perspective with realistic settings, in which the operator faces uncertainty and limited communication. Specifically, the operator does not know the cost function of consumers and cannot have multiple rounds of information exchange with consumers. We formulate an optimization problem for the operator to minimize its operational cost considering...

Demand Response (DR) has recently garnered great attention, with many DR programs being deployed and evaluated worldwide. They are hailed as a significant benefit enabled by the Smart Grid and an efficient method to engage consumers in managing their energy usage and reduce environmental impact and costs. But while the opportunities are great, challenges still remain to exploit the untapped pot...

Nowadays, demand response programs (DRPs) play an important role in price reduction and reliability improvement. In this paper, an optimal integrated model for the emergency demand response program (EDRP) and dynamic economic emission dispatch (DEED) problem has been developed. Customer’s behavior is modeled based on the price elasticity matrix (PEM) by which the level of DRP is determined for ...

This paper proposes an advanced distribution automation planning problem in which emergency-based demand response plans are incorporated during service restoration process. The fitness function of this planning problem consists of various costs associated with fault occurrence in electric distribution systems consisting of the total yearly cost of customers’ interruptions, the total annualized ...

Reliable operation in a deregulated environment and under conditions of uncertainty requires that loads be considered adjustable. This paper assumes that participation in demand management programs is entirely voluntary, and the compensation for participation is an integral part of any demand management program. Another consideration is simplicity: demand management programs must be simple to u...

This paper presents a new method to investigate the effects of demand response programs on life expectancy distribution transformers. The proposed has been applied realistic network, and results are evaluated under various models program different levels tariffs. According results, transformers’ extension scenarios applying programs, in spite differences among them, brings great economic benefi...

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...