Brazil’s Experience with Availability-Based Demand Response Procurement under the Regulatory Sandbox Framework: Lessons Learned and Proposals for Future Regulatory Enhancements

Several factors have contributed to the increasing complexity and uncertainty in the operation of electric power systems, including the growing penetration of variable renewable energy sources and distributed energy resources, which intensify the need for greater operational flexibility by system operators. Demand-Side Management (DSM) in electric power systems, represents an important opportunity to address emerging challenges associated with the energy transition. The literature typically classifies DSM into Energy Efficiency (EE) and Demand