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Due to the efforts in climate change mitigation, there is a strong global will to increase the amount of low-emission energy sources, especially wind and solar power, to the power system. In addition to climate change, other environmental issues, the opening of the electricity markets, increased reliability requirements, and aging of network assets have set and will further set new requirements for power systems. An often-quoted concept is the so-called smart grid. There are different definitions for smart grid. The European Regulators’ Group for Electricity and Gas (ERGEG) defines smart grid as follows (ERGEG 2010): “Smart Grid is an electricity network that can cost efficiently integrate the behaviour and actions of all users connected to it – generators, consumers and those that do both – in order to ensure economically efficient, sustainable power system with low losses and high levels of quality and security of supply and safety.” This definition describes in a way an...
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Rautiainen, A., Järventausta, P. (2020). Demand Response: A Nordic Perspective. In: Leal Filho, W., Azul, A., Brandli, L., Özuyar, P., Wall, T. (eds) Affordable and Clean Energy. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71057-0_7-1
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