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This book is the first of its kind to comprehensively describe the principles of demand response. This allows consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to the grid reliability need, time-based rates or other forms of financial incentives. The main contents of the book include modeling of demand response resources, incentive design, scheduling and dispatch algorithms, and impacts on grid operation and planning. Through case studies and illustrative examples, the authors highlight and compare the advantages, disadvantages and benefits that demand response can have on grid operations and electricity market efficiency.First book of its kind to introduce the principles of demand response;Combines theory with real-world applications useful for both professionals and academic researchers;Covers demand response in the context of power system applications.

Energy storage is a main component of any holistic consideration of smart grids, particularly when incorporating power derived from variable, distributed and renewable energy resources. Energy Storage for Smart Grids delves into detailed coverage of the entire spectrum of available and emerging storage technologies, presented in the context of economic and practical considerations. Featuring the latest research findings from the world's foremost energy storage experts, complete with data analysis, field tests, and simulation results, this book helps device manufacturers develop robust business cases for the inclusion of storage in grid applications. It also provides the comparisons and explanations grid planners and operators need to make informed decisions about which storage solutions will be most successful when implemented in operational grids. - Connects the latest research findings in energy storage with strategies for economical and practical implementation in grid systems - Brings together diverse knowledge resources in one comprehensive volume covering all major storage technologies, explained by experts from the world's leading research institutions - Includes detailed data analysis from field tests and simulations to help planners and engineers choose the storage method that will add the most value to their grid operations