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The orderly transition of the current electricity grid to a smarter grid facilitates the demand side to increasingly play a proactive role. Enabling technologies within the smart grid framework play a crucial role in alleviating systemic risks associated with capacity shortages, electricity price volatility and congestion by controlling end user electricity consumption through demand response (DR)...
Modernization of the power grid to meet the growing demand requires significant amount of operational, technological, and infrastructural overhaul. The Department of Energy's “Grid 2030” strategic vision outlines the action plan to alleviate the concerns through the development of a “Smart Grid” (SG). Key emphasis is placed on demand side management and consumer interaction with market operations...
Automotive electrification in the past decade was accompanied by infrastructural changes in the electric power industry. The dual fuel (gasoline and electricity) and dual operation (vehicle to grid (V2G) and grid to vehicle) modes of plug-in hybrid electric vehicles (PHEVs) make them attractive to the automotive and the electric power industries. The value proposition of PHEVs from consumer and automotive...
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