Simulation study of demand response models and strategies

Abstract

In recent years, electric power systems are experiencing a paradigm shift where we see renewable power generations continue to grow. At the same time power consumers are also becoming more involved in clean energy generation such as solar power for personal usage. Hence, consumers are no longer depending on the traditional power systems as the only centralized solution for providing electricity. Electricity generation and distribution has become more efficient in recent years with smart grid. Demand Response (DR) offers an extensive support to smart grid technologies and complement one another in the system operation. This report surveys the integration of smart grid with DR and potential benefits for the players in the market. Results have shown that by applying DR, there is a reduction of 8.5% or more the annual peak demand. Innovative technologies and systems of smart grids will be discussed with reference to real time case studies.