Abstract
Electricity demand has grown over the past few years and will continue to grow in the future. The increase in electricity demand is mainly due to industrialization and the shift from a conventional to a smart-grid paradigm. The number of microgrids, renewable energy sources, plug-in electric vehicles and energy storage systems have also risen in recent years. As a result, future electricity grids have to be revamped and adapt to increasing load levels. Thus, new complications associated with future electrical power systems and technologies must be considered. Demand-side management (DSM) programs offer promising solutions to these issues and can considerably improve the reliability and financial performances of electrical power systems. This paper presents a review of various initiatives, techniques, impacts and recent developments of the DSM of electrical power systems. The potential benefits derived by implementing DSM in electrical power networks are presented. An extensive literature survey on the impacts of DSM on the reliability of electrical power systems is also provided for the first time. The research gaps within the broad field of DSM are also identified to provide directions for future work.