The use of demand response programs enables the adequate use of resources of small and medium players, bringing high benefits to the smart grid, and increasing its efficiency. One of the difficulties to proceed with this paradigm is the lack of intelligence in the management of small and medium size players. In order to make demand response programs a feasible solution, it is essential that sma...

In this paper, a heuristic mathematical model for optimal decision-making of a Distribution Company (DisCo) is proposed that employs demand response (DR) programs in order to participate in a day-ahead market, taking into account elastic and inelastic load models. The proposed model is an extended responsive load modeling that is based on price elasticity and customers’ incentives in which they...

In today’s restructured environment, congestion management plays an essential role in power system operation. Different methods are presented and discussed in this respect for congestion management in short-term and long-term intervals. It is attempted in the present paper to investigate the impact mechanism of FACTS devices and demand response programs together with generation re-dispatch as s...

Large commercial and industrial loads known as large energy consumers are always seeking to reduce their energy costs and consequently they are utilizing renewable and non-renewable energy sources in procurement of their required energy. Use of renewable energy sources (RESs) and plug-in electric vehicles (PHEVs) parking lot without proper planning will make technical and economic problems for ...

Smart Grids are result of utilizing novel technologies such as distributed energy resources, and communication technologies in power system to compensate some of its defects. Various power resources provide some benefits for operation domain however, power system operator should use a powerful methodology to manage them. Renewable resources and load add uncertainty to the problem. So, independe...

A dependency of the world on electrical energy has been increasing according to development of industry. To meet increasing power demand, existing generators have been expanded or new generators have been installed continually. But currently, the social acceptance for installing a new plant is difficult due to electromagnetic effects on human body, environmental pollutions, and so on. Therefore...

Demand Response (DR) programs encourage consumers to adjust their power consumption in response to DR events such as changes in electricity prices or sudden peaks in demand. While significant savings can be thus achieved, the real success of DR programs depends on the incentive compatible participation of consumers and their timely response to DR signals. In this work, we consider households th...

Markets for illicit drugs present an interesting case study for economics, combining non-standard characteristics such as addiction and product illegality. One response has been to argue the generality of economic principles by suggesting that they apply even in the extreme case of markets for addictive substances, e.g., by showing that demand for illicit goods is responsive to price [1] and ev...