Flexible investment under uncertainty in smart distribution networks with demand side response: Assessment framework and practical implementation

The case study results indicate that DSR can be an economical option to delay or even avoid large irreversible capacity investments, thus reducing overall costs for networks and end customers. However, in order for the value and benefits of DSR to be acknowledged, a change in the regulatory framework (currently based on deterministic analysis) that takes explicit account of uncertainty in planning, as suggested by our work, is required.