With the development of demand response (DR) technologies and increasing electricity demand, dynamic pricing has been a popular topic in many countries. This paper evaluates various dynamic pricing programs in the U.S. and Europe, and provides insights into various aspects including risks and...

Traditional electricity grid offers demand side management (DSM) programs for industrial plants and commercial buildings; there is no such program for residential consumers because of the lack of effective automation tools and efficient information and communication technologies (ICTs). Smart...