Reliable and efficient operation of deregulated electricity markets requires supply and demand elasticity. This paper presents incentive control of spinning reserves in electricity multi-markets using game theory. Interruptible load contracts (ILC) could reduce the amount of spinning reserve requirements during system contingencies such as transmission congestion. It is shown that the power uti...

in this paper, a stochastic two-stage model is offered for optimization of the day-ahead scheduling of the microgrid. system uncertainties including dispatchable distributed generation and energy storage contingencies are considered in the stochastic model. for handling uncertainties, monte carlo simulation is employed for generation several scenarios and then a reduction method is used to d...

In this paper a new integrated model of the dynamic environmental/economic dispatch (DEED) problem and emergency demand response program (EDRP) has been presented by which their interactions are investigated. DEED schedules the online generators power output over the whole dispatch period subject to some practical constraints so that the fuel costs and emission are optimized simultaneously. EDR...

It has been widely accepted that demand response will play an important role in reliable and economic operation of future power systems and electricity markets. Demand response can not only influence the prices in the energy market by demand shifting, but also participate in the reserve market. In this paper, we propose a full model of demand response in which demand flexibility is fully utiliz...

This study addresses a stochastic structure for generation companies (GenCoʼs) that participate in hydro-thermal self-scheduling with a wind power plant on short-term scheduling for simultaneous reserve energy and energy market. In stochastic scheduling of HTSS with a wind power plant, in addition to various types of uncertainties such as energy price, spinning /non-spinning reserve prices, unc...

In an electricity market, every generation company (GENCO) attempts to maximize profit according to other participants bidding behaviors and power systems operating conditions. The goal of this study is to examine the optimal bidding strategy problem for GENCOs in energy and spinning reserve markets based on a hybrid GA-heuristic optimization algorithm. The heuristic optimization algorithm used...

This paper develops a modified economic dispatch (ED) optimization model with wind power penetration. Due to the uncertain nature of wind speed, both overestimation and underestimation of the available wind power are compensated using the up and down spinning reserves. In order to determine both of these two reserve demands, the risk-based up and down spinning reserve constraints are presented ...

This paper presents an efficient Water Evaporation Optimization algorithm (WEO) is proposed to solve a Dynamic Economic Dispatch problem (DED). The dynamic dispatch problem differs from the static economic dispatch problem by incorporating generator spinning reserve, ramp rate limits, and valve point loading and transmission losses. The proposed water evaporation optimization algorithm is based...

In this paper, a dynamic generation scheduling model is formulated, aiming at minimizing the costs of power generation and taking into account the constraints of thermal power units and spinning reserve in wind power integrated systems. A dynamic solving method blended with particle swarm optimization algorithm is proposed. In this method, the solution space of the states of unit commitment is ...

This paper presents a comprehensive framework model of a distribution company with security and reliability considerations. A probabilistic wind farm, which is a renewable energy resource, is modeled in this work. The requirement energy of distribution company can be either provided by distribution company’s own distributed generations or purchased from power market. Two reliability indices as ...