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A review of demand side management business models in the electricity market

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  1. Tao Chen & Qais Alsafasfeh & Hajir Pourbabak & Wencong Su, 2017. "The Next-Generation U.S. Retail Electricity Market with Customers and Prosumers—A Bibliographical Survey," Energies, MDPI, vol. 11(1), pages 1-17, December.
  2. Cheng, Meng & Sami, Saif Sabah & Wu, Jianzhong, 2017. "Benefits of using virtual energy storage system for power system frequency response," Applied Energy, Elsevier, vol. 194(C), pages 376-385.
  3. Märkle-Huß, Joscha & Feuerriegel, Stefan & Neumann, Dirk, 2018. "Large-scale demand response and its implications for spot prices, load and policies: Insights from the German-Austrian electricity market," Applied Energy, Elsevier, vol. 210(C), pages 1290-1298.
  4. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.
  5. Zhang, Sufang & Jiao, Yiqian & Chen, Wenjun, 2017. "Demand-side management (DSM) in the context of China's on-going power sector reform," Energy Policy, Elsevier, vol. 100(C), pages 1-8.
  6. Charbonnier, Flora & Morstyn, Thomas & McCulloch, Malcolm D., 2022. "Coordination of resources at the edge of the electricity grid: Systematic review and taxonomy," Applied Energy, Elsevier, vol. 318(C).
  7. Kanakadhurga, Dharmaraj & Prabaharan, Natarajan, 2022. "Demand side management in microgrid: A critical review of key issues and recent trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
  8. Sarker, Eity & Seyedmahmoudian, Mehdi & Jamei, Elmira & Horan, Ben & Stojcevski, Alex, 2020. "Optimal management of home loads with renewable energy integration and demand response strategy," Energy, Elsevier, vol. 210(C).
  9. José Luis Ruiz Duarte & Neng Fan, 2022. "Operation of a Power Grid with Embedded Networked Microgrids and Onsite Renewable Technologies," Energies, MDPI, vol. 15(7), pages 1-24, March.
  10. Gilson Dranka, Géremi & Ferreira, Paula & Vaz, A. Ismael F., 2022. "Co-benefits between energy efficiency and demand-response on renewable-based energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
  11. Herbes, Carsten & Brummer, Vasco & Rognli, Judith & Blazejewski, Susanne & Gericke, Naomi, 2017. "Responding to policy change: New business models for renewable energy cooperatives – Barriers perceived by cooperatives’ members," Energy Policy, Elsevier, vol. 109(C), pages 82-95.
  12. Meyabadi, A. Fattahi & Deihimi, M.H., 2017. "A review of demand-side management: Reconsidering theoretical framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 367-379.
  13. Francesco Mancini & Sabrina Romano & Gianluigi Lo Basso & Jacopo Cimaglia & Livio de Santoli, 2020. "How the Italian Residential Sector Could Contribute to Load Flexibility in Demand Response Activities: A Methodology for Residential Clustering and Developing a Flexibility Strategy," Energies, MDPI, vol. 13(13), pages 1-25, July.
  14. Abdul Conteh & Mohammed Elsayed Lotfy & Kiptoo Mark Kipngetich & Tomonobu Senjyu & Paras Mandal & Shantanu Chakraborty, 2019. "An Economic Analysis of Demand Side Management Considering Interruptible Load and Renewable Energy Integration: A Case Study of Freetown Sierra Leone," Sustainability, MDPI, vol. 11(10), pages 1-19, May.
  15. Ute Paukstadt & Jörg Becker, 2021. "Uncovering the business value of the internet of things in the energy domain – a review of smart energy business models," Electronic Markets, Springer;IIM University of St. Gallen, vol. 31(1), pages 51-66, March.
  16. Shi, Huaizhou & Blaauwbroek, Niels & Nguyen, Phuong H. & Kamphuis, René (I.G.), 2016. "Energy management in Multi-Commodity Smart Energy Systems with a greedy approach," Applied Energy, Elsevier, vol. 167(C), pages 385-396.
  17. Rong, Aiying & Lahdelma, Risto, 2016. "Role of polygeneration in sustainable energy system development challenges and opportunities from optimization viewpoints," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 363-372.
  18. Olaszi, Balint D. & Ladanyi, Jozsef, 2017. "Comparison of different discharge strategies of grid-connected residential PV systems with energy storage in perspective of optimal battery energy storage system sizing," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 710-718.
  19. Hossein Shayeghi & Elnaz Shahryari & Mohammad Moradzadeh & Pierluigi Siano, 2019. "A Survey on Microgrid Energy Management Considering Flexible Energy Sources," Energies, MDPI, vol. 12(11), pages 1-26, June.
  20. Rajavelu Dharani & Madasamy Balasubramonian & Thanikanti Sudhakar Babu & Benedetto Nastasi, 2021. "Load Shifting and Peak Clipping for Reducing Energy Consumption in an Indian University Campus," Energies, MDPI, vol. 14(3), pages 1-16, January.
  21. Klein, Konstantin & Herkel, Sebastian & Henning, Hans-Martin & Felsmann, Clemens, 2017. "Load shifting using the heating and cooling system of an office building: Quantitative potential evaluation for different flexibility and storage options," Applied Energy, Elsevier, vol. 203(C), pages 917-937.
  22. İsmail Hakkı Çavdar & Vahit Feryad, 2021. "Efficient Design of Energy Disaggregation Model with BERT-NILM Trained by AdaX Optimization Method for Smart Grid," Energies, MDPI, vol. 14(15), pages 1-21, July.
  23. Fabian Borst & Nina Strobel & Thomas Kohne & Matthias Weigold, 2021. "Investigating the Electrical Demand-Side Management Potential of Industrial Steam Supply Systems Using Dynamic Simulation," Energies, MDPI, vol. 14(6), pages 1-20, March.
  24. Bert Willems & Juulia Zhou, 2020. "The Clean Energy Package and Demand Response: Setting Correct Incentives," Energies, MDPI, vol. 13(21), pages 1-19, October.
  25. Tang, Hong & Wang, Shengwei & Li, Hangxin, 2021. "Flexibility categorization, sources, capabilities and technologies for energy-flexible and grid-responsive buildings: State-of-the-art and future perspective," Energy, Elsevier, vol. 219(C).
  26. Ayman Esmat & Julio Usaola & María Ángeles Moreno, 2018. "Distribution-Level Flexibility Market for Congestion Management," Energies, MDPI, vol. 11(5), pages 1-24, April.
  27. Effenberger, Frank & Hilbert, Andreas, 2016. "Towards an energy information system architecture description for industrial manufacturers: Decomposition & allocation view," Energy, Elsevier, vol. 112(C), pages 599-605.
  28. Yin, Yue & Liu, Tianqi & Wu, Lei & He, Chuan & Liu, Yikui, 2021. "Frequency-constrained multi-source power system scheduling against N-1 contingency and renewable uncertainty," Energy, Elsevier, vol. 216(C).
  29. F.G. Reis, Inês & Gonçalves, Ivo & A.R. Lopes, Marta & Henggeler Antunes, Carlos, 2021. "Business models for energy communities: A review of key issues and trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
  30. Liu, Kun & Guan, Xiaohong & Gao, Feng & Zhai, Qiaozhu & Wu, Jiang, 2015. "Self-balancing robust scheduling with flexible batch loads for energy intensive corporate microgrid," Applied Energy, Elsevier, vol. 159(C), pages 391-400.
  31. Sophie Adams & Donal Brown & Juan Pablo Cárdenas Álvarez & Ruzanna Chitchyan & Michael J. Fell & Ulf J. J. Hahnel & Kristina Hojckova & Charlotte Johnson & Lurian Klein & Mehdi Montakhabi & Kelvin Say, 2021. "Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review," Energies, MDPI, vol. 14(23), pages 1-29, November.
  32. Noor Sembiring & Nandan Lima Krisna, 2019. "Model for Development of a Business Strategy for Renewable Energy Technology Services," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 65-70.
  33. Engelken, Maximilian & Römer, Benedikt & Drescher, Marcus & Welpe, Isabell M. & Picot, Arnold, 2016. "Comparing drivers, barriers, and opportunities of business models for renewable energies: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 795-809.
  34. Ellabban, Omar & Abu-Rub, Haitham, 2016. "Smart grid customers' acceptance and engagement: An overview," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 1285-1298.
  35. Jurasz, Jakub & Ciapała, Bartłomiej, 2017. "Integrating photovoltaics into energy systems by using a run-off-river power plant with pondage to smooth energy exchange with the power gird," Applied Energy, Elsevier, vol. 198(C), pages 21-35.
  36. Pereira, Guillermo Ivan & Niesten, Eva & Pinkse, Jonatan, 2022. "Sustainable energy systems in the making: A study on business model adaptation in incumbent utilities," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
  37. Barzegar, Mohammadreza & Rashidinejad, Masoud & Abdollahi, Amir & Afzali, Peyman & Bakhshai, Alireza, 2020. "An efficient reliability index for the assessment of energy efficiency considering sitting of green virtual resources in a microgrid," Energy, Elsevier, vol. 191(C).
  38. Barbero, Mattia & Corchero, Cristina & Canals Casals, Lluc & Igualada, Lucia & Heredia, F.-Javier, 2020. "Critical evaluation of European balancing markets to enable the participation of Demand Aggregators," Applied Energy, Elsevier, vol. 264(C).
  39. Zurn, Hans H. & Tenfen, Daniel & Rolim, Jacqueline G. & Richter, André & Hauer, Ines, 2017. "Electrical energy demand efficiency efforts in Brazil, past, lessons learned, present and future: A critical review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1081-1086.
  40. Majid, A. & van Zyl, J.E. & Hall, J.W., 2022. "The influence of temporal variability and reservoir management on demand-response in the water sector," Applied Energy, Elsevier, vol. 305(C).
  41. Hussein Jumma Jabir & Jiashen Teh & Dahaman Ishak & Hamza Abunima, 2018. "Impacts of Demand-Side Management on Electrical Power Systems: A Review," Energies, MDPI, vol. 11(5), pages 1-19, April.
  42. Yang, Changhui & Meng, Chen & Zhou, Kaile, 2018. "Residential electricity pricing in China: The context of price-based demand response," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2870-2878.
  43. Michael Hamwi & Jérémy Legardeur & Iban Lizarralde, 2016. "Energy Product Service Systems as core element of energy transition in the household sector: The Greenplay project," Post-Print hal-01404187, HAL.
  44. Burger, Scott & Chaves-Ávila, Jose Pablo & Batlle, Carlos & Pérez-Arriaga, Ignacio J., 2017. "A review of the value of aggregators in electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 395-405.
  45. Mordue, Greig, 2017. "Electricity prices and industrial competitiveness: A case study of final assembly automobile manufacturing in the United States and Canada," Energy Policy, Elsevier, vol. 111(C), pages 32-40.
  46. Nong, Duy & Nguyen, Duong Binh & Nguyen, Trung H. & Wang, Can & Siriwardana, Mahinda, 2020. "A stronger energy strategy for a new era of economic development in Vietnam: A quantitative assessment," Energy Policy, Elsevier, vol. 144(C).
  47. Zeng, Ming & Yang, Yongqi & Wang, Lihua & Sun, Jinghui, 2016. "The power industry reform in China 2015: Policies, evaluations and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 94-110.
  48. Alasseri, Rajeev & Tripathi, Ashish & Joji Rao, T. & Sreekanth, K.J., 2017. "A review on implementation strategies for demand side management (DSM) in Kuwait through incentive-based demand response programs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 617-635.
  49. Friedrich Chasin & Ute Paukstadt & Patrick Ullmeyer & Jörg Becker, 2020. "Creating Value From Energy Data: A Practitioner’s Perspective on Data-Driven Smart Energy Business Models," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 72(4), pages 565-597, October.
  50. Mlecnik, Erwin & Parker, James & Ma, Zheng & Corchero, Cristina & Knotzer, Armin & Pernetti, Roberta, 2020. "Policy challenges for the development of energy flexibility services," Energy Policy, Elsevier, vol. 137(C).
  51. Rémi Delage & Taichi Matsuoka & Toshihiko Nakata, 2021. "Spatial–Temporal Estimation and Analysis of Japan Onshore and Offshore Wind Energy Potential," Energies, MDPI, vol. 14(8), pages 1-12, April.
  52. Ramos, Dorel Soares & Del Carpio Huayllas, Tesoro Elena & Morozowski Filho, Marciano & Tolmasquim, Mauricio Tiomno, 2020. "New commercial arrangements and business models in electricity distribution systems: The case of Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 117(C).
  53. Guelpa, Elisa & Verda, Vittorio, 2021. "Demand response and other demand side management techniques for district heating: A review," Energy, Elsevier, vol. 219(C).
  54. Sebastian Hoffmann & Fabian Adelt & Johannes Weyer, 2020. "Modelling End-User Behavior and Behavioral Change in Smart Grids. An Application of the Model of Frame Selection," Energies, MDPI, vol. 13(24), pages 1-26, December.
  55. Kubli, Merla & Puranik, Sanket, 2023. "A typology of business models for energy communities: Current and emerging design options," Renewable and Sustainable Energy Reviews, Elsevier, vol. 176(C).
  56. Ranaboldo, M. & Aragüés-Peñalba, M. & Arica, E. & Bade, A. & Bullich-Massagué, E. & Burgio, A. & Caccamo, C. & Caprara, A. & Cimmino, D. & Domenech, B. & Donoso, I. & Fragapane, G. & González-Font-de-, 2024. "A comprehensive overview of industrial demand response status in Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 203(C).
  57. Good, Nicholas & Ellis, Keith A. & Mancarella, Pierluigi, 2017. "Review and classification of barriers and enablers of demand response in the smart grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 57-72.
  58. Fischer, David & Madani, Hatef, 2017. "On heat pumps in smart grids: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 342-357.
  59. Klein, Konstantin & Langner, Robert & Kalz, Doreen & Herkel, Sebastian & Henning, Hans-Martin, 2016. "Grid support coefficients for electricity-based heating and cooling and field data analysis of present-day installations in Germany," Applied Energy, Elsevier, vol. 162(C), pages 853-867.
  60. Zare Oskouei, Morteza & Sadeghi Yazdankhah, Ahmad, 2017. "The role of coordinated load shifting and frequency-based pricing strategies in maximizing hybrid system profit," Energy, Elsevier, vol. 135(C), pages 370-381.
  61. Afshari, Afshin & Friedrich, Luiz, 2016. "A proposal to introduce tradable energy savings certificates in the emirate of Abu Dhabi," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 1342-1351.
  62. Lo Piano, S. & Smith, S.T., 2022. "Energy demand and its temporal flexibility: Approaches, criticalities and ways forward," Renewable and Sustainable Energy Reviews, Elsevier, vol. 160(C).
  63. Francesco Simmini & Marco Agostini & Massimiliano Coppo & Tommaso Caldognetto & Andrea Cervi & Fabio Lain & Ruggero Carli & Roberto Turri & Paolo Tenti, 2020. "Leveraging Demand Flexibility by Exploiting Prosumer Response to Price Signals in Microgrids," Energies, MDPI, vol. 13(12), pages 1-19, June.
  64. Hui, Hongxun & Ding, Yi & Shi, Qingxin & Li, Fangxing & Song, Yonghua & Yan, Jinyue, 2020. "5G network-based Internet of Things for demand response in smart grid: A survey on application potential," Applied Energy, Elsevier, vol. 257(C).
  65. Su, Huai & Chi, Lixun & Zio, Enrico & Li, Zhenlin & Fan, Lin & Yang, Zhe & Liu, Zhe & Zhang, Jinjun, 2021. "An integrated, systematic data-driven supply-demand side management method for smart integrated energy systems," Energy, Elsevier, vol. 235(C).
  66. Hui, Hongxun & Ding, Yi & Song, Yonghua & Rahman, Saifur, 2019. "Modeling and control of flexible loads for frequency regulation services considering compensation of communication latency and detection error," Applied Energy, Elsevier, vol. 250(C), pages 161-174.
  67. María-José Prados & Marta Pallarès-Blanch & Ramón García-Marín & Carolina del Valle, 2021. "Renewable Energy Plants and Business Models: A New Rural Development Perspective," Energies, MDPI, vol. 14(17), pages 1-19, September.
  68. Guntram Pressmair & Christof Amann & Klemens Leutgöb, 2021. "Business Models for Demand Response: Exploring the Economic Limits for Small- and Medium-Sized Prosumers," Energies, MDPI, vol. 14(21), pages 1-28, October.
  69. Ali M. Jasim & Basil H. Jasim & Habib Kraiem & Aymen Flah, 2022. "A Multi-Objective Demand/Generation Scheduling Model-Based Microgrid Energy Management System," Sustainability, MDPI, vol. 14(16), pages 1-28, August.
  70. Ussama Assad & Muhammad Arshad Shehzad Hassan & Umar Farooq & Asif Kabir & Muhammad Zeeshan Khan & S. Sabahat H. Bukhari & Zain ul Abidin Jaffri & Judit Oláh & József Popp, 2022. "Smart Grid, Demand Response and Optimization: A Critical Review of Computational Methods," Energies, MDPI, vol. 15(6), pages 1-36, March.
  71. Larsen, Erik R. & Osorio, Sebastian & van Ackere, Ann, 2017. "A framework to evaluate security of supply in the electricity sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 646-655.
  72. Michael Hamwi & Iban Lizarralde, 2018. "Energy entrepreneurship business models innovation: insights from European emerging firms," Post-Print hal-01961930, HAL.
  73. Brocks, Annette & Nyangon, Joseph & Taminiau, Job, 2016. "Utility 2.0: A multi-dimensional review of New York’s Reforming the Energy Vision (REV) and Great Britain’s RIIO utility business models," MPRA Paper 91489, University Library of Munich, Germany, revised 30 Sep 2016.
  74. Wang, Tian & Deng, Shiming, 2019. "Multi-Period energy procurement policies for smart-grid communities with deferrable demand and supplementary uncertain power supplies," Omega, Elsevier, vol. 89(C), pages 212-226.
  75. Damilola Elizabeth Babatunde & Olubayo Moses Babatunde & Tolulope Olusegun Akinbulire & Peter Olabisi Oluseyi, 2018. "Hybrid Energy Systems Model with the Inclusion of Energy Efficiency Measures: A Rural Application Perspective," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 310-323.
  76. Shang, Nan & Lin, You & Ding, Yi & Ye, Chengjin & Yan, Jinyue, 2019. "Nodal market power assessment of flexible demand resources," Applied Energy, Elsevier, vol. 235(C), pages 564-577.
  77. Juliana Zapata Riveros & Matthias Speich & Mirjam West & Silvia Ulli-Beer, 2021. "Combining Business Model Innovation and Model-Based Analysis to Tackle the Deep Uncertainty of Societal Transitions—A Case Study on Industrial Electrification and Power Grid Management," Sustainability, MDPI, vol. 13(13), pages 1-29, June.
  78. Rosane Santos & André Luiz Diniz & Bruno Borba, 2022. "Assessment of the Modeling of Demand Response as a Dispatchable Resource in Day-Ahead Hydrothermal Unit Commitment Problems: The Brazilian Case," Energies, MDPI, vol. 15(11), pages 1-15, May.
  79. Oshnoei, Arman & Kheradmandi, Morteza & Blaabjerg, Frede & Hatziargyriou, Nikos D. & Muyeen, S.M. & Anvari-Moghaddam, Amjad, 2022. "Coordinated control scheme for provision of frequency regulation service by virtual power plants," Applied Energy, Elsevier, vol. 325(C).
  80. Lu, Xiaoxing & Li, Kangping & Xu, Hanchen & Wang, Fei & Zhou, Zhenyu & Zhang, Yagang, 2020. "Fundamentals and business model for resource aggregator of demand response in electricity markets," Energy, Elsevier, vol. 204(C).
  81. Li, Longxi, 2021. "Coordination between smart distribution networks and multi-microgrids considering demand side management: A trilevel framework," Omega, Elsevier, vol. 102(C).
  82. Lambin, Xavier, 2020. "Integration of Demand Response in Electricity Market Capacity Mechanisms," Utilities Policy, Elsevier, vol. 64(C).
  83. Mohseni, Soheil & Brent, Alan C. & Kelly, Scott & Browne, Will N. & Burmester, Daniel, 2021. "Strategic design optimisation of multi-energy-storage-technology micro-grids considering a two-stage game-theoretic market for demand response aggregation," Applied Energy, Elsevier, vol. 287(C).
  84. Verzijlbergh, R.A. & De Vries, L.J. & Dijkema, G.P.J. & Herder, P.M., 2017. "Institutional challenges caused by the integration of renewable energy sources in the European electricity sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 660-667.
  85. Hasan M. Salman & Jagadeesh Pasupuleti & Ahmad H. Sabry, 2023. "Review on Causes of Power Outages and Their Occurrence: Mitigation Strategies," Sustainability, MDPI, vol. 15(20), pages 1-34, October.
  86. Rövekamp, Patrick & Schöpf, Michael & Wagon, Felix & Weibelzahl, Martin, 2023. "For better or for worse? On the economic and ecologic value of industrial demand side management in constrained electricity grids," Energy Policy, Elsevier, vol. 183(C).
  87. Kubli, Merla & Canzi, Patrizio, 2021. "Business strategies for flexibility aggregators to steer clear of being “too small to bid”," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
  88. Burger, Scott P. & Luke, Max, 2017. "Business models for distributed energy resources: A review and empirical analysis," Energy Policy, Elsevier, vol. 109(C), pages 230-248.
  89. Michael Hamwi & Iban Lizarralde, 2019. "Demand-side management and renewable energy business models for energy transition A systematic review," Post-Print hal-02448505, HAL.
  90. Sorknæs, P. & Lund, Henrik & Skov, I.R. & Djørup, S. & Skytte, K. & Morthorst, P.E. & Fausto, F., 2020. "Smart Energy Markets - Future electricity, gas and heating markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 119(C).
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