Demand response in smart electricity grids equipped with renewable energy sources: A review

Dealing with Renewable Energy Resources (RERs) requires sophisticated planning and operation scheduling along with state of art technologies. Among many possible ways for handling RERs, Demand Response (DR) is investigated in the current review. Because of every other year modifications in DR definition and classification announced by Federal Energy Regulatory Commission (FERC), the latest DR definition and classification are scrutinized in the present work. Moreover, a complete benefit and cost assessment of DR is added in the paper. Measurement and evolution methods along with the effects of DR in electricity prices are discussed. Next comes DR literature review of the recent papers majorly published after 2008. Eventually, successful DR implementations, around the world, are analyzed. (C) 2012 Elsevier Ltd. All rights reserved.