This book analyzes issues surrounding the efficient integration of demand response programs (DRPs) on operation problems in smart grids. The benefits offered by demand response programs (DRPs) for load-serving entities, grid operators, and electricity consumers are explained, including decreased electricity prices and risk management. In-depth chapters discuss the flexibility of market operations, market power mitigation, and environmental benefits-making this a must-have reference for engineers and related practicing professionals working for organizations in the electricity market, including reliability organizations, distribution companies, transmission companies, and electric end-users.

Sayyad Nojavan received the B.Sc., M.Sc. and Ph.D. degrees in electrical power engineering from University of Tabriz, Tabriz, Iran, in 2010, 2012 and 2017, respectively. Also, he was a Postdoctoral Researcher from September 2017 to September 2018 in the Faculty of Electrical and Computer Engineering, University of Tabriz, Tabriz, Iran. Currently, he is an Assistant Professor of Researcher in the Department of Electrical Engineering, University of Bonab, Bonab, Iran. His research areas include electricity market, distribution networks operation, power system operation and economics, hybrid energy system, retailer, microgrids, uncertainty modelling and risk management.Kazem Zare received the B.Sc. and M.Sc. degrees in electrical engineering from University of Tabriz, Tabriz, Iran, in 2000 and 2003, respectively, and Ph.D. degree from Tarbiat Modares University, Tehran, Iran, in 2009. Currently, he is an Associate Professor of the Faculty of Electrical and Computer Engineering, University of Tabriz. His research areas include electricity market, distribution networks operation and planning, power system economics, microgrid, uncertainty modelling and energy management.