The German Energiewende’s potential effects on the reliability of electricity supply as well as the corresponding economic consequences have recently entered both the political and scientific debate. However, empirical evidence of power outage costs in Germany is rather scarce. Following a...

The German Energiewende’s potential effects on the reliability of electricity supply as well as the corresponding economic consequences have recently entered both the political and scientific debate. However, empirical evidence of power outage costs in Germany is rather scarce. Following a...

Spinning Reserve is one of the ancillary services which is essential to satisfy system security constraints when the power system faces with a contingency. In this paper, Day Ahead Demand Response Program as one of the incentive-based Demand Response programs is implemented as a source of...