Joint RES and Distribution Network Expansion Planning Under a Demand Response Framework explains the implementation of the algorithms needed for joint expansion planning of distributed generation and distribution network models, discussing how to expand the generation and distribution network by adding renewable generation, demand response, storage units, and new assets (lines and substations) so that the current and future energy supply in islands is served at a minimum cost, and with quality requirements.

This book discusses the outcomes of the models discussed, including...

The new competitive electricity markets make it imperative for companies related to electricity production and retail to have tools in place for energy offers. Price forecasting is critical when making offers in electricity markets, since it is considerably more complex than demand forecasting and the level of uncertainty is higher. Knowing electricity prices beforehand makes it possible for generators to determine their optimal production strategy in order to maximize their profit. Similarly, consumers and retailers can plan their consumption and produce energy bids to maximize their...