Electrical utilities around the world are working toward the implementation of demand response programs, which are focused on either reducing electricity usage or shifting its use at times of high wholesale marketing prices. These programs try to involve the consumer participation in the operations of the electric grid. One of the goals of the Smart Grid concept is to develop grid modernization...

The abundance of small and medium sized customers that can curtail demand when needed has resulted in the rollout of Demand Response programs to target the right customers among a diverse population. To tailor such programs based on customers’ consumption patterns, we apply Principal Component Analysis on high resolution demand consumption data. We show that appropriate clustering of customers ...

In this paper, impacts of various uncertainties such as random outages of generating units and transmission lines, forecasting errors of load demand and wind power, in the presence of Demand response (DR) programs on power generation scheduling are studied. The problem is modelled in the form of a two-stage stochastic unit commitment (UC) which by solving it, the optimal solutions of UC as well...

In recent years, rapidly increasing electric power demand and organizational concerns regarding social environmental issues have resulted in significant attention being given to microgrids. However, sustainable microgrids that simultaneously address economic benefits not been broadly explored by researches. This study addresses the microgrid design problem leveraging blockchain technology provi...