Name/Tagline
Enabling Demand Response for short and real-time Efficient And Market Based smart Grid Operation – An intelligent and real-time simulation approach

Description
Smart Grid (SG) concepts are rapidly being transferred to the market and huge investments have been made in renewable-based electricity generation and rolling out smart meters. However, the present state of the art does not ensure neither a good return of investment nor a sustainable and efficient power system. The work so far in the EU involves mainly larger stakeholders, namely power utilities and manufacturers more focused on production and grid resources. A closer attention to the demand side of the system is required, and especially in the interaction with the new methods for SG management. Efficient power systems require the optimal use of the available resources to cope with demand requirements and Demand Response (DR) programs with adequate business models can leverage demand flexibility both on centralized and distributed models, as renewable energygeneration is highly dependable of uncontrolled factors (as wind and solar radiation) for which anticipated forecasts are hardly trustful.

Responsible
Zita Vale

Project Coordinator
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