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This paper proposes a framework for assessing the sensitivity of the performance of a hypothetical demand response (DR) program to consumers' preferences, should they enable DR and become prosumers. The proposed framework contains a data analytics module and a DR simulation module. The data analytics module, processes the historical data to select informative subsets and define simulation scenarios...
The role of energy storage as a means to support power systems in the light of increasing penetration of renewable energy sources is already recognized. A large number of scientific studies highlight the potential benefits, while transmission and distribution system operators actively engage in numerous pilot projects. However, independent investors might be reluctant to invest in energy storage,...
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