In this paper, we propose a new unit commitment model that captures the sub-hourly variability of wind power. Scenarios are included in the stochastic unit commitment formulation to represent the uncertainty and intermittency of wind power output. A modified Benders decomposition method is used...

The escalating demand for electricity in China has caused an electricity shortage in the past several years. This paper discusses the role of demand response (DR) as an integral component in alleviating the problem and coping with this shortfall. It reviews current experience with DR programs,...

The high penetration of both Distributed Energy Resources (DER) and Demand Response (DR) in modern power systems requires a sequence of advanced strategies and technologies for maintaining system reliability and flexibility. Real-time electricity markets (RTM) are the non-discriminatory...

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...