Demand response (DR) programs have recently become popular means of mitigating excessive claims on regional electricity networks and providing more reliable access to electric power. Many countries have experimented with DR pilot programs and some are beginning to incorporate similar schemes as...

In this study we evaluate the economic potential for energy arbitrage by simulating operation and resulting profits of a small price-taking storage device in South Korea’s electricity market. As demand for electricity continues to grow, maintaining a balanced power system at all times has...