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Without demand-side management, an increase in the number of electric vehicles (EVs) could result in overloads on distribution feeders. Aggregators could optimally manage the charging/discharging of the EVs, to not only maximize the consumers’ welfare in response to real-time prices and accommodate their needs for transportation, but also to keep the distribution network within its operating limits...
Currently, the majority of residential customers are charged a flat retail electricity rate, giving them one option to save money: reduce consumption. This flat rate philosophy is in stark contrast to the wholesale market, which can have substantial fluctuations in market price, especially during peak demand. Although demand response has emerged in the large industrial sector, its presence is lacking...
With the advent of smart meters and smart appliances, residential demand side management (DSM) schemes could potentially happen on a considerably larger scale. From the Distribution Network Operator perspective, intelligent control of appliances could help reduce peaks in demand and thus defer reinforcements of the low-voltage (LV) network. For the consumer, in a scenario where dynamic pricing is...
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