this paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. the method considers both the spinning reserve and interruptible loads as the operating reserve services. in the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

Because of electricity markets, environmental concerns, transmission constraints, and variable renewable energy sources (VRES), coordinated operation demand response (DR) battery storage systems (BESS) has become critical. In turn, the optimal DR BESS by an entity can affect overall market outcomes network conditions. The is desirable for profit-seeking entity, but it may adversely cost revenue...

In this paper, a new security-constrained self-scheduling framework incorporating the transmission flow limits in both steady state conditions and post-contingent states is presented to produce efficient bidding strategy for generation companies (GENCOs) in day-ahead electricity markets. Moreover, the proposed framework takes into account the uncertainty of the predicted market prices and model...

This paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. The method considers both the spinning reserve and interruptible loads as the operating reserve services. In the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

This paper proposes GENCOs' profit maximization using Binary Article Bee Colony Optimization based on global best parameters (GbBABC). The optimal rival bidding strategy is employed to maximize GENCOs' profit. Monte Carlo (MC) simulation has been used to predict the bidding behavior of the rivals. In this paper, a bi-level optimization problem has been proposed to obtain the optimal b...

Maintenance scheduling of generating units in restructured power systems is a collaborative and interactive process between independent system operators (ISOs) and generating companies (GENCOs). The ISO should comply with GENCOmaintenance preferences subject to targeted system reliability levels. This process might be multistage since the admission of all initial unit outage requests may threat...

In deregulated electricity markets, generation companies (GENCO) try to maximize their economic benefits considering the demand, transmission network condition, and other participants’ behaviors. The increasing penetration of renewable sources such as wind power with intermittent nature poses several challenges participation GENCOs in market. Thus, this paper presents a stochastic bilevel optim...