This paper proposes a novel approach for distributed energy resource (DER) expansion planning from investors' viewpoint based on a combination of dynamic programming algorithm and game theory. An innovative framework is proposed in this paper to consider different aspects of distributed energy...

Large integration of intermittent wind generation in power system has necessitated the inclusion of more innovative and sophisticated approaches in power system investment planning. The intermittent nature and uncertainties of wind power generation will cause the investors encounter risk in...

Spinning Reserve is one of the ancillary services which is essential to satisfy system security constraints when the power system faces with a contingency. In this paper, Day Ahead Demand Response Program as one of the incentive-based Demand Response programs is implemented as a source of...

Unlike markets for storable commodities, electricity markets depend on the real-time balance of supply and demand. Although much of the present-day grid operate effectively without storage technologies, cost-effective ways of storing electrical energy can make the grid more efficient and...

In recent years, extensive researches have been conducted on implementation of demand response programs (DRPs), aimed to electricity price reduction, transmission lines congestion resolving, security enhancement and improvement of market liquidity. Basically, DRPs are divided into two main...

Recently, a massive focus has been made on demand response (DR) programs, aimed to electricity price reduction, transmission lines congestion resolving, security enhancement and improvement of market liquidity. Basically, demand response programs are divided into two main categories namely,...