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A new scheme on dynamic pricing of electricity in a smart grid is proposed in this research article. Also the consumer's demand behavior and response is analyzed. With the smart grid it is possible to determine and communicate the real time prices of electricity like other market goods and evaluate the variation in demand. Utility can exploit the natural human response that is reduction in demand...
One of the primary goals of smart grid is to provide its consumers control over their energy consumption, with the help of real-time information, which in turn benefits both consumers and utilities in managing electricity. This report details the challenges faced by utilities, government bodies and industry bodies in understanding the consumer behavior and educating them on smart grid. It also suggests...
The Brazilian electrical system will pass through significant changes, reaching the integration of information technology infrastructure and communications. The smart metering and the application of hourly rates will be one of the firsts procedures that will be adopted in order to transform the existing network in Smart Grids and definitively change the role and the participation of the consumer in...
In this paper, we propose new models for consumer demand response estimation in a smart energy environment, where consumers have access to real time electricity pricing information and can respond to price signals by changing their energy consumption through a two-way communication system. We introduce a stochastic model that differentiates and characterizes two principal constituents of consumers...
A more energy efficient supply and demand in household settings is high on the agenda. Smart grids, smart meters, demand side management and smart appliances play a crucial role in this context. Many stakeholders are involved, but the exact role of the customer is often neglected. More specifically, his opinion, attitude, drivers or barriers towards new ways of energy consumption and energy management...
In the current debate towards a more energy efficient supply and demand in household settings, notions such as smart grids, smart meters and smart appliances are of main importance. Different stakeholders are involved, but often neglected is the exact role of the customer, or more specific, his opinion, attitude, drivers or barriers towards these developments. As a consequence, this paper employs...
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