Wholesale electricity markets in many jurisdictions use a two-settlement structure: day-ahead market for bulk power transactions and real-time fine-grain supply-demand balancing. This paper explores trading demand response assets within this structure. We consider two approaches assets: (a) an intermediate spot with contingent pricing, (b) over-the-counter options contract. In the first case, w...

Smart distribution networks (SDNs) plays a significant role in future power networks. Accordingly, the optimal scheduling of such networks, which include planning of consumers and production sections, inconsiderably concerned in recent research studies. In this paper, the optimal planning of energy and reserve of SDNs has been studied. Technical constraints of distribution network and power gen...

reaching an electricity system which is both economically efficient and environmentally friendly is motivating countries to design and execute different types of tou demand response programs. but there are certain deficiencies which prevent these programs to effectively modify the load shape. smart grid as a means could help the electricity system to reach the highest demand side management ...

This paper presents a novel concept of "smart distribution system expansion planning (SDEP)" which expands the concept of demand response programs to be dealt with the long term horizon time. The proposed framework, integrates demand response resources (DRRs) as virtual distributed generation (VDG) resources into the distribution expansion planning. The main aim of this paper is to develop and ...

This study presents an optimal framework for the operation of integrated energy systems using demand response programs. The main goal of integrated energy systems is to optimally supply various demands using different energy carriers such as electricity, heating, and cooling. Considering the power market price, this work investigates the effects of multiple energy storage devices and demand res...

With the development of restructured power systems and increase of prices in some hours of day and increase fuel price, demand response programs were noticed more by customers. demand response consists of a series of activities that governments or utilities design to change the amount or time of electric energy consumption, to achieve better social welfare or some times for maximizing the benef...

With the development of deregulated power systems and increase of prices in some hours of day and increase fuel price, demand response programs were noticed more by customers. demand response consists of a series of activities that governments or utilities design to change the amount or time of electric energy consumption, to achieve better social welfare or some times for maximizing the benefi...