The escalating demand for electricity in China has caused an electricity shortage in the past several years. This paper discusses the role of demand response (DR) as an integral component in alleviating the problem and coping with this shortfall. It reviews current experience with DR programs,...

In this paper we propose an evolutionary imperfect information game approach to analyzing bidding strategies in electricity markets with price-elastic demand. In previous research, opponent generation companies’ (GENCOs’) bidding strategies were assumed to be fixed or subject to a fixed...

Demand response to time-varying pricing of electricity is critical to a smart grid's efficient management of electrical resources. This paper presents a new approach to quantify residential demand responsiveness to (time-of-use) TOU rates, which does not entail an econometric estimation of TOU...

In China, the energy pricing mechanism has an insufficient linkage with other energy prices. As a result of the unreasonable price level, it is impossible to exploit fully the substitution elasticity among energy resources and there is a negative impact on achieving energy conservation and...