Demand Response in Future Power Networks: Panorama and State-of-the-art

One of the key features of future power networks, referred to as smart grids, is deploying demand-side resources in order to reduce the stress at the supply side. This implies active participation of electricity customers, as a societal network, in the power networks, as a physical network, which increases the interdependencies of these two networks due to the effect of demand response programs on power systems. Furthermore, in the future smart cities there is a crucial need to take advantage of demand-side resources to supply electricity in a sustainable manner. In this context, demand response programs play a pivotal role in electricity market in order to achieve supply-demand balance by taking advantage of the load flexibility.