Co-optimization of Energy and Demand-Side Reserves in Day-Ahead Electricity Markets

被引:27
|
作者
Reddy, S. Surender [1 ]
Abhyankar, A. R. [2 ]
Bijwe, P. R. [2 ]
机构
[1] Woosong Univ, Dept Railroad & Elect Engn, Daejeon, South Korea
[2] Indian Inst Technol Delhi, Dept Elect Engn, New Delhi, India
关键词
demand elasticity; demand response; electricity markets; load modeling; multi-objective optimization; social welfare;
D O I
10.1515/ijeeps-2014-0020
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
This paper presents a new multi-objective day-ahead market clearing (DAMC) mechanism with demand-side reserves/demand response (DR) offers, considering realistic voltage-dependent load modeling. The paper proposes objectives such as social welfare maximization (SWM) including demand-side reserves, and load served error (LSE) minimization. In this paper, energy and demand-side reserves are cleared simultaneously through co-optimization process. The paper clearly brings out the unsuitability of conventional SWM for DAMC in the presence of voltage-dependent loads, due to reduction of load served (LS). Under such circumstances multi-objective DAMC with DR offers is essential. Multi-objective Strength Pareto Evolutionary Algorithm 2+ (SPEA 2+) has been used to solve the optimization problem. The effectiveness of the proposed scheme is confirmed with results obtained from IEEE 30 bus system.
引用
收藏
页码:195 / 206
页数:12
相关论文
共 50 条
  • [41] Energy Bidding in a Day-Ahead Electricity Market Using Fuzzy Optimization
    Ijaz, Muhammad
    Sahito, Muhammad Faraz
    Al-Awami, Ali T.
    2015 IEEE INTERNATIONAL CONFERENCE ON INDUSTRIAL TECHNOLOGY (ICIT), 2015, : 2388 - 2393
  • [42] Methods for Characterizing Flexibilities from Demand-Side Resources and Their Applications in the Day-Ahead Optimal Scheduling
    Wu J.
    Ai X.
    Hu J.
    Hu, Junjie (junjiehu@ncepu.edu.cn), 1973, China Machine Press (35): : 1973 - 1984
  • [43] Co-optimization of electricity day-ahead market and steady-state natural gas system using Augmented Lagrangian
    Biskas, P. N.
    Kanelakis, N. G.
    2014 11TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM), 2014,
  • [44] A light robust optimization approach for uncertainty-based day-ahead electricity markets
    Silva-Rodriguez, Lina
    Sanjab, Anibal
    Fumagalli, Elena
    Virag, Ana
    Gibescu, Madeleine
    ELECTRIC POWER SYSTEMS RESEARCH, 2022, 212
  • [45] Residual Demand Curves for Modeling the Effect of Complex Offering Conditions on Day-Ahead Electricity Markets
    Portela Gonzalez, Jose
    Munoz San Roque, Antonio
    Sanchez-Ubeda, Eugenio E.
    Garcia-Gonzalez, Javier
    Gonzalez Hombrados, Rafael
    IEEE TRANSACTIONS ON POWER SYSTEMS, 2017, 32 (01) : 50 - 61
  • [46] A light robust optimization approach for uncertainty-based day-ahead electricity markets
    Silva-Rodriguez, Lina
    Sanjab, Anibal
    Fumagalli, Elena
    Virag, Ana
    Gibescu, Madeleine
    Electric Power Systems Research, 2022, 212
  • [47] A Bilevel Optimization Model and a PSO-based Algorithm in Day-ahead Electricity Markets
    Zhang, Guoli
    Zhang, Guangquan
    Gao, Ya
    Lu, Jie
    2009 IEEE INTERNATIONAL CONFERENCE ON SYSTEMS, MAN AND CYBERNETICS (SMC 2009), VOLS 1-9, 2009, : 611 - +
  • [48] Co-Optimization of Ancillary Services Providing Primary Frequency Control in the Day-Ahead Market
    Garcia, Manuel
    Skolfield, J. Kyle
    Wilches-Bernal, Felipe
    Baldick, Ross
    IEEE ACCESS, 2025, 13 : 56385 - 56398
  • [49] An improved incentive-based demand response program in day-ahead and intra-day electricity markets
    Shahryari, E.
    Shayeghi, H.
    Mohammadi-ivatloo, B.
    Moradzadeh, M.
    ENERGY, 2018, 155 : 205 - 214
  • [50] Bidding Strategy for Generators with Constraints In Day-Ahead Electricity Markets
    Bichpuriya, Yogesh
    Nandagaoli, Neha
    Mahilong, Nidhisha
    Sarangan, Venkatesh
    Rajazopal, Narayanan
    2021 IEEE PES INNOVATIVE SMART GRID TECHNOLOGY EUROPE (ISGT EUROPE 2021), 2021, : 1049 - 1053