Demand Response
Demand Response Definition
The actions by end-use customers that change their regular demand of electric power in response to price, incentives, or directions from grid operators
Research Background
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The electricity load increased rapidly
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The development of information and communication technology
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Demand Response become an important feature of smart grid
Research Purpose
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Design the incentive payment or electricity price in Demand Response
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Impact of components in the power system and electricity market on the Demand Response programs mechanism
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Optimize benefit of all parties participating in the Demand Response program
Conducted Research
Method for pricing incentive payments for Demand Response programs based on satisfaction function
Future Direction
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Intergrated more diverse participants in the DR program
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Develop and evaluate the applicability of the method in practice
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Develop the idea of a satisfaction function for a price-based DR program