Modeling Dynamic Demand Response Using Monte Carlo Simulation and Interval Mathematics for Boundary Estimation

Abstract

With the rapid development of various technologies and applications in smart grid implementation, demand response has attracted growing research interests because of its potentials in enhancing power grid reliability with reduced system operation costs. This paper presents a new demand response model with elastic economic dispatch in a locational marginal… (More)
DOI: 10.1109/TSG.2015.2435011

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