ISO's Optimal Strategies for Scheduling the Hourly Demand Response in Day-Ahead Markets

This paper presents a hierarchical demand response (DR) bidding framework in the day-ahead energy markets which integrates customer DR preferences and characteristics in the ISO's market clearing process. In the proposed framework, load aggregators submit aggregated DR offers to the ISO which w...

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Bibliographic Details

Published in:	IEEE transactions on power systems Vol. 29; no. 6; pp. 2636 - 2645
Main Authors:	Parvania, Masood, Fotuhi-Firuzabad, Mahmud, Shahidehpour, Mohammad
Format:	Journal Article
Language:	English
Published:	New York IEEE 01.11.2014 The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects:	Day-ahead scheduling Energy storage equivalent load aggregation hourly demand response ISO Load management Load modeling Mixed integer linear programming Power markets Scheduling
ISSN:	0885-8950, 1558-0679
Online Access:	Get full text
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