Traditionally in the US and in many parts of the world there is a persistent problem of inefficient use of
electric power generation and transmission assets .For example in the Dominion Virginia Power’s service area, roughly
20 percent of generation assets are used 5 percent of the time. This problem has partially been tackled by demand side
management, which was introduced in early 1980s. With the introduction of smart grid, it is now possible to perform
demand response at customer premises to get a finer control of available resources [2].