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In this paper, an agent-based model is proposed to improve market efficiency by using different Demand Response Programs (DRPs) in the day-ahead electricity market. To this end, both incentive-based and price-based DRPs are considered. On this basis, time of use, real time pricing, emergency demand response program, interruptible/curtailable services and critical peak pricing are investigated. The...
Alongside significant advantages which come through large scale integration of wind power into the grid, it imposes some essential challenges on Independent System Operators (ISOs) performance. The stochastic nature of wind power causes technical and economic impacts on power system operation. As one of the highly-flexible and low-cost solutions, demand response (DR) resources are expected to be helpful...
In this paper, a new concept of serving flexible reliability (FR) is introduced in distribution network level. FR is defined as the ability of a grid to continue servicing the high priority customers in contingency states. Customers' priority is recognized based on their value of service reliability. Regarding this matter, the philosophy of designing a hybrid AC-DC microgrid is introduced with the...
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