Electricity demand and supply forecasts assume special significance vis-Ii-vis ever-increasing demand. Different agencies and authors, to forecast demand, have used various methodologies but on the other hand, no concerted effort is visible in predicting the supply. Moreover none of the methodologies used can be considered perfect. The present study attempts to forecast the two and tends to rea...

Demand-side management is a resilient concept [...]

How much electricity does the world really need? Economic theory suggests that electricity demand depends on a number of factors such as per capita income, economic output, supply and cost of electricity. However, formal electricity demand models based on Gross Domestic Product (GDP), population growth and efficiency improvement assumptions may not capture the appropriate variables for response...

Demand response technology is a key technology for distributing electricity tasks in response to electricity prices in a smart grid system. In the current demand response research, there has been much demand for an automated energy scheduling scheme that uses smart devices for residential customers in the smart grid. In this paper, two automated energy scheduling schemes are proposed for reside...

Software has been developed for studying and understanding a price change of the US wholesale power market (Sueyoshi and Tadiparthi, 2005). The software can be used as an effective decision making tool by traders for simulating and modeling of the power market. It can be also considered as a worthy effort towards creating a framework for assessing new trading strategies in a competitive electr...