Author : Amrutha Maria Mathew 1
Date of Publication :7th September 2015
Abstract: In competitive electricity markets with deep efficiency concerns, demand response gains significant importance. Moreover, demand response can play a very relevant role in the context of power systems with an intensive use of distributed energy resources, from which renewable intermittent sources are a significant part. During the effort to accommodate larger shares of renewable sources, while maintaining the power balance and ensuring the reliability of the power system, the implementation of demand response mechanisms may provide considerable options to reshape the supply of electrical energy. As demand response levels have decreased after the introduction of competition in the power industry, new approaches are required to take full advantage of demand response opportunities. Here, the study presents a new approach for modeling flexible loads and aims to create further knowledge on the potentials of residential demand response concepts.
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