This paper reports on work the Consortium for Electric Reliability Technology Solutions (CERTS) has been pursuing to hasten the arrival of meaningful load participation in competitive electricity markets. The activities include: experimental economic analysis of the effect of price responsive load in reducing market prices and price volatility; assessments of emerging demand response programs a...

In a real electricity market, complete information of rivals’ behavior is not available to market participants. Therefore, they make their bidding strategies based on the historical information of the market clearing price. In this paper, a new market simulator is introduced for a joint energy and spinning reserve market, in which market participants’ learning process is modeled using Q-learnin...

In this paper the problem of modeling electricity price dynamics in deregulated energy markets is studied. Since the nature of customers' energy consumption, market participants' strategic behavior and the power system reliability indices are stochastic processes, the electricity price model will be stochastic as well. In our analysis the price of electricity is modeled based on the customers' ...

In the future, automated demand response mechanisms will be used as spinning reserve. Demand response in the smart grid must be resilient to cyber-physical threats. In this paper, we evaluate the resilience of demand response when used as spinning reserve in the presence of cyber-physical threats. We quantify this evaluation by correlating the stability of the system in the presence of attacks ...

in this article using comparative multi-purpose algorithm of pso, optimum capacity of new resources and their spinning storage is defined. spinning reserve requirements and optimized to maximize profit per unit is determined according to uncertainty. in fact by increasing the level of cost reservation, power supply increases but penalty of blackout decreases. in this paper in has been tried to ...

Spinning reserve allocation is a critical problem for active power dispatch with large-scale wind power penetration. A risk-based reserve allocation method that accounts multiple control sub-area coordination is given in this paper. And a multi-objective optimization model is constructed to schedule the spinning generation reserve for online active power dispatch. A fuzzy optimization method is...

In a deregulated electricity industry, competitive bidding for energy and reserve is increasingly gaining importance and playing a decisive role in maintaining system reliability. The transmission capacity limits have a significant impact on market cost, therefore these limits should also be considered while optimizing the joint dispatch. In this paper, a detailed comparison of classical differ...

Short-term load forecasting (STLF) is an essential procedure for effective and efficient realtime operations planning and control of generation within a power system. It provides the basis for unit-commitment and power system planning procedures, maintenance schedul‐ ing, system security assessment, and trading schedules. It establishes the generation, capaci‐ ty, and spinning reserve schedules...