Demand Response (DR) is an important component for the establishment of smart electricity grids. It can decrease the system peaks through load shedding or shifting and optimize the utilization of the existing grid assets, which delays the need for costly upgrades. DR can also enable the integration of intermittent and distributed energy resources (DER) into the existing electricity grid. Fast DR from aggregated flexible loads can provide ancillary services (AS) to absorb grid disruptions and may replace the expensive fast-ramping reserve generation units. This study presents a methodology for load aggregation based on the prioritization of loads according to their flexibility. Different flexible load types are categorized as Thermostatically Co...