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This paper investigates the fundamental issue of revenue adequacy in wholesale day-ahead electricity markets with the presence of standalone demand response providers (DRPs). In recent years, with the increasing need for flexibility to provide sustainable electricity services, standalone DRPs have emerged as a new form of market participants. Such providers serve as intermediate between ISOs and end-users,...
Competitive market driven large interconnected power systems are now being operated near maximum capacity due to environmental and operational pressure. In this context, we have to consider both economy and security of the stressed power system network. Transmission congestion caused due to the stressed operation of the power systems, affects the Locational Marginal Pricing (LMP). Presently, a large...
We present a potential class of cyber attack, named false data injection attack, against the state estimation in deregulated electricity markets. With the knowledge of the system configuration, we show that such attacks will circumvent the bad data measurement detection equipped in present SCADA systems, and lead to profitable financial misconduct such as virtual bidding the ex-post locational marginal...
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