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It is widely agreed that an increased communication among different groups (generators, retailers and customers) in electricity market would produce benefit not only for single group but also for the market as a whole. In traditional demand side pricing model, the unit cost of electricity for retailer in each hour is assumed to be a constant. When integrating demand and supply side into one framework,...
In this paper we present an approach to procuring flexibility from price-responsive demand in order to manage system ramp capability. The proposed approach utilizes a metric termed as Lack of Ramp Probability (LORP) to assess the contribution from the demand response to the system ramping flexibility. Our approach fits well into the current realtime economic dispatch framework. We conduct simulations...
Deregulation of electricity markets has enabled a flexible and efficient framework for generation companies to trade electricity in a competitive environment. Deregulation coupled with environmental concerns, has caused the presence of more small and medium scale renewable generation units distributed throughout the grid. The variable nature of renewable energy sources and the lack of their centralized...
Demand response is one the raised issues in reconstruction systems. This means change in electricity subscribers' supply in comparison with normal pattern of electricity consumption. Demand response is a tool for Independent System Operator (ISO) to maintain reliability of system. It means, the redemption of energy sold to subscribers reduces the loading level of the system. This article has a comprehensive...
Our research team is developing an agent-based test bed for the integrated study of retail and wholesale power markets operating over transmission and distribution networks with smart-grid functionality. This test bed seams together two existing test beds, the AMES Wholesale Power Market Test Bed and the GridLAB-D distribution platform. As a first step, we have designed an integrated retail/wholesale...
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