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In the deregulated power systems, the interruptible load management (ILM) is widely used as an effective measure to ensure reliability and mitigate the market price spike. A critical issue is the incentive paid to the consumers to participate in the ILM. This paper addresses the quantification and allocation of ILM's benefit from mitigating the wholesale price spike. This benefit is calculated within...
Integration of risk factors into decision-making model for interruptible load management plays a valuable role for power suppliers to mitigate price risks and improve their profitability in electricity market environment. A decision-making model is developed for power suppliers to determine the interruptible load volume purchased from interruptible consumers. The power suppliers' tradeoff between...
A joint Cournot equilibrium model for generatorspsila strategic option contracting and spot market competition is developed taking transmission constraints into account. This model can be reformulated as an equilibrium problem with equilibrium constraints (EPEC) and be solved by a nonlinear complementarity method. The influence of options on the equilibrium of electricity markets and generatorspsila...
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