In this study, we investigate the maximum possible profit for a commercial office building participating in New York’s Day-Ahead Demand Response (DADR) program. We formulate an optimal control problem, assuming perfect knowledge of future weather, occupancy, and day-ahead electricity price predictions to examine this potential benefit. Then, a practical control strategy based upon the framework...

Under deregulation, airlines developed hub-and-spoke (HS) networks enabling them to aggregate demand, increase frequency, reduce airfares and prevent entry into the marketplace. This research evaluates airline pro®t based on microeconomic theory of behaviour under deregulation. Through a two-stage Nash best-response game, equilibria in the air transportation industry is sought to evaluate the m...

The demand-side management scheme, one of the smart grid’s distribution side features, is well accepted due to its role in controlling energy consumption residential buildings by ensuring sustainability, leading concept buildings. consumers’ appropriate response without compromising comfort, referred as demand response, helps decrease their electricity bill. Further, flexibility and controllabi...

The Special Issue “Demand Response in Smart Grids” includes 10 papers [...]

We describe a method to generate statistical models of electricity demand from Commercial and Industrial (C&I) facilities including their response to dynamic pricing signals. Models are built with historical electricity demand data. A facility model is the sum of a baseline demand model and a residual demand model; the latter quantifies deviations from the baseline model due to dynamic pricing ...

This paper presents an analysis of competition between generators when incentive-based demand response is employed in an electricity market. Thermal and hydropower generation are considered in the model. A smooth inverse demand function is designed using a sigmoid and two linear functions for modeling the consumer preferences under incentive-based demand response program. Generators compete to ...