Improving Grid Efficiency: Review of Price-Based Demand Side Management

ERRA Regulatory Research Award 2023 Winner Paper

The paper reviews different approaches and strategies of demand-side management. Specifically, it focuses on different price-based programs that help to balance the system by providing the consumers with price signals to incentivize them to adjust consumption according to actual time-varying market conditions. Moreover, the paper examines the advantages of these programs while also addressing the challenges they encounter, which can impede the successful implementation and overall efficiency of the programs.