This report was produced as part of the THINK project. The value and necessity of demand response as a flexibility means has been widely recognised among stakeholders and policy makers in Europe (e.g. EC, 2011a, 2012a, 2012b; Smart Grids Task Force, 2013; ENTSOE, 2012b). The gradual roll-out of smart...

This paper develops a bi-level optimization model for voluntary demand-side flexibility. The Distribution System Operator, in the Upper Level, maximizes welfare by investing in the network and setting the flexibility compensation. Consumers, in the Lower Level, can be prosumers and commercial...

In many countries, distribution grid tariffs are being reformed to adapt to the new realities of an electricity system with distributed energy resources. In Europe, legislative proposals have been made to harmonize these reforms across country borders. Many stakeholders have argued that...

This paper explores the price setting of demand-side flexibility, modelled as consumers’ voluntary load reduction, in distribution grids. It develops a long-term equilibrium optimization model with a bi-level setting for voluntary demand-side flexibility. In the Upper Level (UL), the...