Demand Response in Smart Grids

This book is the first of its kind to comprehensively describe the principles of demand response. This allows consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to the grid reliability need, time-based rates or other forms of financial incentives. The main contents of the book include modeling of demand response resources, incentive design, scheduling and dispatch algorithms, and impacts on grid operation an...