Chapter 11
Demand and Response in
Smart Grid
∗
Qifen Dong,
∗
Li Yu and
+
WenZhan Song
∗
Zhejiang University of Technology, China, qdong@cs.gsu.edu, lyu@zjut.edu.cn
+
Georgia State University, USA, wsong@gsu.edu
11.1 Demand and Response Overview .............................. 308
11.1.1 Significance of Demand Response ..................... 308
11.1.2 Demand Response in Traditional Grid ................ 309
11.1.3 New Requirements in Smart Grid ..................... 312
11.2 Representative DR Algorithms in Smart Grid ................. 313
11.2.1 Classifications .......................................... 313
11.2.2 Customer Profit Optimization Algorithms ............ 315
11.2.3 Operation Cost of Electric Utility Reduction ......... 320
11.2.4 Social Welfare Maximization ...