Price-Responsive Demand Management for a Smart Grid World

Hung-po Chao

The Electricity Journal, 2010, vol. 23, issue 1, 7-20

Abstract: Price-responsive demand is essential for the success of a smart grid. However, existing demand-response programs run the risk of causing inefficient price formation. This problem can be solved if each retail customer could establish a contract-based baseline through demand subscription before joining a demand-response program.

Date: 2010
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