Real-time residential demand response management

Zhi Chen, Lei Wu

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

In a smart grid, demand response (DR) is provided by the demand side that allows end users to adjust their electricity consumption during a given time horizon or to shift the consumption to other time periods, in response to a price signal or other incentives. DR brings economic benefits to consumers by lowering peak hour electricity consumption with high electricity prices. This will cut down locational marginal 194prices (LMPs) and, in turn, retail rates. DR may also prevent cascaded blackouts by offsetting the requirement for more generation and transmission assets.

Original languageEnglish
Title of host publicationSmart Grid
Subtitle of host publicationNetworking, Data Management, and Business Models
Pages193-222
Number of pages30
ISBN (Electronic)9781498719711
DOIs
StatePublished - 1 Jan 2017

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