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Demand response could provide reserves to power systems and market designs should enable cost-efficient exploitation of these resources. In direct load control programs, consumers provide demand response in exchange for incentive payments. The success of such contracts is a function of level of information sharing, consumer costs, and power system constraints/costs. In this paper, we compare three...
We introduce a novel contract design framework that enables demand side resources to participate in ancillary services markets in a cost efficient manner. Resources enter contracts with aggregators (which may be utilities) to provide capacity, which is directly controlled by the aggregator via a control signal. The contracting process allows consumers to make choices based upon their own cost/benefit...
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