Demand Response Strategies & Their Challenges to Adoption in Modern Power Systems

Abstract

Demand response (DR) has emerged as a pivotal mechanism for enhancing the flexibility, reliability, and efficiency of modern power systems. With the increasing penetration of renewable energy sources and the growing complexity of energy networks, DR strategies provide a cost-effective and environmentally sustainable solution to balance supply and demand. This paper delves into the various demand response strategies employed in contemporary power systems, exploring their technical foundations, operational mechanisms, and economic implications. It also examines the role of technological advancements, regulatory frameworks, and market structures in enabling effective demand response implementations. Furthermore, the challenges and future prospects of demand response strategies in a rapidly evolving energy landscape are discussed, emphasizing their role in achieving grid stability and promoting renewable energy integration.