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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Summary: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 would centrally optimize final decisions on aggregators' DR contributions in wholesale markets. The hourly load reduction strategies include load shifting and curtailment and the use of onsite generation and energy storage systems. The ISO applies mixed-integer linear programming (MILP) to the solution of the proposed DR model in the day-ahead market clearing problem. The proposed model is implemented using a 6-bus system and the IEEE-RTS, and several studies are conducted to demonstrate the merits of the proposed DR model.
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ISSN:0885-8950
1558-0679
DOI:10.1109/TPWRS.2014.2316832