Demand Response Application in Smart Grids
Operation Issues - Volume 2| By: | null |
| Publisher: | Springer Nature |
| Print ISBN: | 9783030321031 |
| eText ISBN: | 9783030321048 |
| Edition: | 0 |
| Copyright: | 2020 |
| Format: | Reflowable |
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This book analyzes issues surrounding the efficient integration of demand response programs (DRPs) on operation problems in smart grids. The benefits offered by demand response programs (DRPs) for load-serving entities, grid operators, and electricity consumers are explained, including decreased electricity prices and risk management. In-depth chapters discuss the flexibility of market operations, market power mitigation, and environmental benefits—making this a must-have reference for engineers and related practicing professionals working for organizations in the electricity market, including reliability organizations, distribution companies, transmission companies, and electric end-users.