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Advancements in smart grid technologies have made it possible to apply various options and strategies for the optimization of demand response (DR) in electricity markets. DR aggregation would accumulate potential DR schedules and constraints offered by small- and medium-sized customers for the participation in wholesale electricity markets. Despite various advantages offered by the hourly DR in electricity markets, practical market tools that can optimize the economic options available to DR aggregators and market participants are not readily attainable. In this context, this paper presents an optimization framework for the DR aggregation in wholesale electricity markets. The proposed study... 

This paper proposes a stochastic mixed-integer programming (SMIP) model for the reliability-constrained unit commitment (RCUC) problem. The major objective of the paper is to examine both features of accuracy and efficiency of the proposed SMIP model of RCUC. The spinning reserve of generating units is considered as the only available reserve provision resource; however, the proposed formulation can be readily extended to comprise the other kind of reserve facilities. Expected load not served (ELNS) and loss of load probability (LOLP) are accommodated as the reliability constraints. Binding either or both reliability indices ensures the security of operation incorporating the stochastic... 

Increasing the social welfare and achieving real competitive markets are the main purposes of consumers participation in electricity markets. Hence, Demand Response Programs (DRPs) have been designed to consider the consumers participation. One of these programs named Emergency Demand Response Program (EDRP) is based on consumers' responses to high electricity prices and to the incentives that are paid by Independent System Operators (ISOs) in the critical hours. In this paper, a model has been proposed for EDRP participation in the Stochastic Security Constrained Unit Commitment (SCUC) program. Both the spinning reserve and the demand side reserve, which is modeled as EDRP, are taken into... 

Smartening of contemporaneous power delivery systems in conjunction with increased penetration of vehicle to grid (V2G) technology, changes the way market participants play their role in the market operation to maximize their profit. In V2G technology, plug-in electric vehicles (PEV) have bidirectional power flows i.e. they can either inject power to the grid or draw power from it. In recent years, the V2G technology has found a world wild attention due to its important advantages such as the peak load reduction and providing system reserve, to name a few. The unit commitment (UC) is a power system operation problem which is used to find the optimal operation schedule of generation units.... 

The future of power systems known as smart grids is expected to involve an increasing level of intelligence and incorporation of new information and communication technologies in every aspect of the power grid. Demand response resources and gridable vehicle are two interesting programs which can be utilized in the smart grid environment. Demand response resources can be used as a demand side virtual power plant (resource) to enhance the security and reliability of utility and have the potential to offer substantial benefits in the form of improved economic efficiency in wholesale electricity markets. An economic model of incentive responsive loads is modelled based on price elasticity of... 

Advancements in smart grid technologies have made it possible to apply various options and strategies for the optimization of demand response (DR) in electricity markets. DR aggregation would accumulate potential DR schedules and constraints offered by small- and medium-sized customers for the participation in wholesale electricity markets. Despite various advantages offered by the hourly DR in electricity markets, practical market tools that can optimize the economic options available to DR aggregators and market participants are not readily attainable. In this context, this paper presents an optimization framework for the DR aggregation in wholesale electricity markets. The proposed study... 

This paper proposes a short-term stochastic SCUC model that simultaneously schedules generating units' energy and spinning reserve in presence of wind energy. It should be noted that system uncertainties, wind farm output uncertainties and power generators and lines outages are also considered in optimization process. The proposed stochastic SCUC model is formulated as a two-stage stochastic mixed-integer programming model. Performance of the proposed formulation is proved through test systems and the results are also presented  

Different sources of uncertainty in power systems, i.e., the uncertainties associated with bus loading and component availability is reflected in uncertainties in different system variables through system physical and economical relationships. A stochastic power flow algorithm can be used to model the stochastic nature of power systems. The algorithm introduced in this paper calculates the probability density function (pdf) of marginal prices of different market services. These pdfs provide the market participant with some valuable information to reduce the risk of their decisions and actions. The algorithm linearizes the optimal power flow formulation and uses the Gram-Charlier method to... 

PV generation variability and uncertainty significantly influence operation of the power systems with high penetration of PV sources. The potential impact of distributed PV generation on ramp rate requirements in the IEEE 24-bus system is evaluated in this paper. PV generation and load are, here, probabilistically modeled using actual data and curve fitting approach. Probabilistic unit commitment (UC) based on unit de-commitment method combined with two point estimate method (2-PEM) is used to determine the ramp rate required to compensate for the PV power fluctuations. The proposed method considers stochastic factors and their effects on the dispatch results. Two scenarios are studied to... 

Recently in electricity markets, a massive focus has been made on setting up opportunities for participating demand side. Such opportunities, also known as demand response (DR) options, are triggered by either a grid reliability problem or high electricity prices. Two important challenges that market operators are facing are appropriate designing and reasonable pricing of DR options.In this paper, time-of-use program (TOU) as a prevalent time-varying program is modeled linearly based on own and cross elasticity definition. In order to decide on TOU rates, a stochastic model is proposed in which the optimum TOU rates are determined based on grid reliability index set by the operator. Expected... 

Unit Commitment is the optimization process for minimizing the total cost of real power generation meeting the generating units and the system constraints. With the restructuring in power systems, the matter of great concern is the fuel cost and consequently electricity price increase in some hours of the day. Accordingly, the optimum performance of Demand Side Management (DSM) has been gaining great attention recently. In this paper, the effect of the optimum performance of Emergency Demand Response Program (EDRP) on the cost of the unit commitment problem considering the line flow constrains is scrutinized. Due to the fact that the simultaneous adoption of the unit commitment and demand... 

In this paper a new algorithm for allocating energy and determining the optimum amount of network active power reserve capacity and the share of generating units and demand side contribution in providing reserve capacity requirements for day-ahead market is presented. In the proposed method, the optimum amount of reserve requirement is determined based on network security set by operator. In this regard, Expected Load Not Supplied (ELNS) is used to evaluate system security in each hour. The proposed method has been implemented over the IEEE 24-bus test system and the results are compared with a deterministic security approach, which considers certain and fixed amount of reserve capacity in... 

Uncertainties associated with bus loading and components' availability lead to uncertainties in different system variables based on the system physical and economical relationships. Line flows, bus voltages, different prices, and other variables and indices, such as available transfer capacity (ATC), are stochastic and cannot be expressed as a determined quantity. Traditionally, in order to model the stochastic nature of power systems, a stochastic power flow algorithm is used. In this paper, stochastic-algebraic method is applied to find the probability density function (pdf) of ATC. The algorithm linearizes the optimal power flow formulation and uses Gram-Charlier expansion to find the pdf... 

This paper presents a formulation of fuzzy optimization for uncertainties in natural gas in fuel constraints for hourly individual unit and total unit fuel consumptions. Security Constrained Unit Commitment (SCUC) is usually a mixed integer programming and gas load flow has a non-linear equation a genetic algorithm is proposed to solve natural gas transmission network. A fuzzy mixed integer programming optimization is briefly discussed and adapted to deal with security constrained unit commitment schedule. Finally, two case studies are investigated (IEEE 6-bus system with 7-node natural gas transmission grid and the IEEE 118-bus power system linked with 14-node gas transmission test system)... 

This paper proposes a stochastic mixed-integer programming (SMIP) model for the reliability-constrained unit commitment (RCUC) problem. The major objective of the paper is to examine both features of accuracy and efficiency of the proposed SMIP model of RCUC. The spinning reserve of generating units is considered as the only available reserve provision resource; however, the proposed formulation can be readily extended to comprise the other kind of reserve facilities. Expected load not served (ELNS) and loss of load probability (LOLP) are accommodated as the reliability constraints. Binding either or both reliability indices ensures the security of operation incorporating the stochastic...