In recent years, the implementation of the demand response (DR) programs in the power system's scheduling and operation is increased. DR is used to improve the consumers' and power providers' economic condition. That said, optimal power flow is a fundamental concept in the power system operation and control. The impact of exploiting DR programs in the power management of the systems is of significant importance. In this paper, the effect of time-based DR programs on the cost of 24-hour operation of a power system is presented. The effect of the time of use and real-time pricing programs with different participation factors are investigated. In addition, the system's operation cost is studied to analyze the DR programs' role in the current power grids. For this aim, the 14-bus IEEE test system is used to properly implement and simulate the proposed approach.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.