This book is the first of its kind to comprehensively describe the principles of demand response. This allows consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to the grid reliability need, time-based rates or other forms of financial incentives. The main contents of the book include modeling of demand response resources, incentive design, scheduling and dispatch algorithms, and impacts on grid operation and planning. Through case studies and illustrative examples, the authors highlight and compare the advantages, disadvantages and benefits that demand response can have on grid operations and electricity market efficiency. First book of its kind to introduce the principles of demand response; Combines theory with real-world applications useful for both professionals and academic researchers; Covers demand response in the context of power system applications. From the Back Cover This book is the first of its kind to comprehensively describe the principles of demand response. This allows consumers to play a significant role in the operation of the electric grid by reducing or shifting their electricity usage in response to the grid reliability need, time-based rates or other forms of financial incentives. The main contents of the book include modeling of demand response resources, incentive design, scheduling and dispatch algorithms, and impacts on grid operation and planning. Through case studies and illustrative examples, the authors highlight and compare the advantages, disadvantages and benefits that demand response can have on grid operations and electricity market efficiency. First book of its kind to introduce the principles of demand response; Combines theory with real-world applications useful for both professionals and academic researchers; Covers demand response in the context of power system applications. About the Author Dr. Pengwei Du is Lead Engineer-Renewable Integration with the Electric Reliability Council of Texas (ERCOT). Prior to this, he was a senior research engineer with Pacific Northwest National Laboratory (PNNL). Dr. Du has extensive experiences in simulation, modeling, protection and control of power systems, renewable energy integration, microgrid, and cyber security. He has been vice-chair for Bulk Power System Planning Subcommittee at IEEE Power & Energy Society since 2016. He is a subject editor of IET Generation Transmission & Distribution and an editor for IEEE Transactions on Power Systems. Dr. Du is the recipient of IEEE PES Power System Dynamic Performance Committee Best Paper Prize in 2016. He graduated from Rensselaer Polytechnic Institute with a Ph.D. in Electrical Engineering. Dr. Lu is an Associate Professor at the ECE Department of North Carolina State University and has over 20 years of experience in electric power engineering. She received bachelor's degree from Harbin Institute of Technology in 1993 and Ph.D. degree from Rensselaer Polytechnic Institute in 2002. From1993 to1998, she was a power system design engineer with Shenyang Electric Power Bureau. From 2003 to 2012, Dr. Ning Lu was a senior research engineer with Pacific Northwest National Laboratory. Dr Lu's research interests include modeling and analysis of power system load behaviors, energy management systems development, renewable integration, microgrid modeling and control, and power system data analytics. Dr. Lu is a senior member of the Institute of Electrical and Electronics Engineers. She has authored or co-authored more than 100 publications, including journal articles, conference proceedings, and technical reports. Dr. Haiwang Zhong received both the B.S. and Ph.D. degrees from the Department of Electrical Engineering, Tsinghua University in 2008 and 2013, respectively. Currently, he is an Associate Professor at Tsinghua University. His research interests include pow
