2018
DOI: 10.1109/tsg.2016.2547883
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A Practical Pricing Approach to Smart Grid Demand Response Based on Load Classification

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Cited by 132 publications
(50 citation statements)
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“…The incentive-based DR contains main issues such as: direct load control [38,39], interruptible or curtailable DR services [40,41], demand bidding or buyback programs [42,43], emergency DR programs [44,45], capacity market programs, and ancillary services market programs [46]. On the other hand, the price-based DR considers the issues of time-of-use rates, real-time pricing, and critical-peak pricing [47][48][49][50]. In general, the post-fault service restoration process of the FLISR application can be considered as part of demand response management in distribution networks.…”
Section: Advanced Distribution Management Systemmentioning
confidence: 99%
“…The incentive-based DR contains main issues such as: direct load control [38,39], interruptible or curtailable DR services [40,41], demand bidding or buyback programs [42,43], emergency DR programs [44,45], capacity market programs, and ancillary services market programs [46]. On the other hand, the price-based DR considers the issues of time-of-use rates, real-time pricing, and critical-peak pricing [47][48][49][50]. In general, the post-fault service restoration process of the FLISR application can be considered as part of demand response management in distribution networks.…”
Section: Advanced Distribution Management Systemmentioning
confidence: 99%
“…An optimal solution for responding to RTP in an agent‐based simulation model is proposed for the optimal control of multiple heterogeneous homes electricity consumption. Following the fast development of smart grids, it is imperative that appropriate pricing schemes are implemented to encourage more controllable loads to participate in the electricity market operations. In order to manage geographically dispersed and large‐scale controllable loads, a practical pricing model in smart grids is proposed . Day‐ahead hourly pricing mechanism has the advantage of reducing pricing uncertainties and allowing the retail utility to optimize the retail pricing adaptively.…”
Section: Literature Review On Price‐based Drmentioning
confidence: 99%
“…The association of smart meters and sensors along power grid networks allows the generation centers access to real-time power demand information. This information can be used to implement an efficient generation and distribution plan [4,5]. As such, integration of these technologies into power system infrastructure has greatly increased the energy efficiency as well as reduced the price of electricity.…”
Section: Introductionmentioning
confidence: 99%