Risk-Constrained Strategic Bidding of GenCos Considering Demand Response

Kazemi, Mostafa; Mohammadi‐Ivatloo, Behnam; Ehsan, Mehdi

doi:10.1109/tpwrs.2014.2328953

Cited by 84 publications

(31 citation statements)

References 32 publications

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“…Similar complementarity models have been recently applied to different strategic decision-making problems within electricity markets [17], [19], [23], [24]. This approach for electricity market modeling was initially used in the pioneering work [17].…”

Section: Single-level Mpec and Its Linearizationmentioning

confidence: 99%

“…This approach for electricity market modeling was initially used in the pioneering work [17]. Other studies used similar models for different purposes such as strategic bidding of a large consumer in [19], strategic offering of a conventional generator in [23], and strategic generation investment in [24]. Recently, complementarity modeling was applied to the strategic bidding of an energy storage facility considering energy arbitrage in [11], [12].…”

Section: Single-level Mpec and Its Linearizationmentioning

confidence: 99%

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Impacts of Ramping Inflexibility of Conventional Generators on Strategic Operation of Energy Storage Facilities

Nasrolahpour

Kazempour

Zareipour

et al. 2018

IEEE Trans. Smart Grid

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Abstract-This paper proposes an approach to assist a pricemaker merchant energy storage facility in making its optimal operation decisions. The facility operates in a pool-based electricity market, where the ramping capability of other resources is limited. Also, wind power resources exist in the system. The merchant facility seeks to maximize its profit through strategic inter-temporal arbitrage decisions, when taking advantage of those ramp limitations. The market operator, on the other hand, aims at maximizing the social welfare under wind power generation uncertainty. Thus, a stochastic bi-level optimization model is proposed, taking into account the interactions between the storage facility and the market operator, and the existing market opportunities for the storage facility. The proposed bilevel model is then transformed into a Mathematical Program with Equilibrium Constraints (MPEC) that can be recast as a Mixed-integer Linear Programming (MILP) problem. Different case studies are presented and discussed using a six-bus illustrative example and the IEEE one-area reliability test system to evaluate the performance of the proposed approach. Capacity of conventional generator g, (MW) P ini gInitial value of generated power of conventional generator g, (MW) RU

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Section: Single-level Mpec and Its Linearizationmentioning

confidence: 99%

Section: Single-level Mpec and Its Linearizationmentioning

confidence: 99%

Impacts of Ramping Inflexibility of Conventional Generators on Strategic Operation of Energy Storage Facilities

Nasrolahpour

Kazempour

Zareipour

et al. 2018

IEEE Trans. Smart Grid

View full text Add to dashboard Cite

show abstract

“…When Generation Companies (Gencos) activities at the generation side are suspended or stopped, system operators propose their demands in the reserve markets to provide an energy balance by delivering reserve capacity to customers in real-time and compensating imbalance costs in similar markets. As a result, different researches have been carried out to develop various models for pricing these balancing services [42,45,53]. Transmission companies (Transcos) use reserves capacity to reduce the imbalances in real time.…”

Section: Balancing Markets and Reserve Marketsmentioning

confidence: 99%

The Mutual Impact of Demand Response Programs and Renewable Energies: A Survey

et al. 2017

Self Cite

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Renewable energies as a solution for environmental issues have always been a key research area due to Demand Response Programs (DRPs). However, the intermittent nature of such energies may cause economic and technological challenges for Independent System Operators (ISOs) besides DRPs, since the acceptable effective solution may exceed the requirement of further investigations. Although, previous studies emphasized employing Demand Response and Renewable Energies in power systems, each problem was investigated independently, and there have been few studies which have investigated these problems simultaneously. In these recent studies, authors neither analyzed these problems simultaneously nor discussed which scientific and practical aspects of demand response and renewable energy injection were employed. Motivated by this requirement, this research has focused on a comprehensive review of recent research of these cases to provide a comprehensive reference for future works.

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“…Through a number of ways to form the main body of electricity selling, more power users would have the right to choose and the quality of service would be enhanced further [1] . The external and domestic academic researches on electricity selling are mainly concentrated on the market reform [2] , sales price system [3] , competition mechanism [4] , risk management [5] , demand response [6] and other aspects. In these studies, there is little discussion about the service strategy of electricity selling company.…”

Section: Introductionmentioning

confidence: 99%

Research on service strategy of electricity selling company under the reform of electricity market

Long

Meng

Dou

et al. 2017

AIP Conference Proceedings

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Abstract. The opening of the sale side of electricity market is an important goal of the new round of power system reform in China, and it is necessary to speed up the establishment and development of the electricity selling companies to achieve this goal. First of all, this paper defines the key problems, which are needed to be solved in the establishment of the sale side market, such as demand side response, optimization of users' power consumption mode, profit mode of electricity selling companies and fair competition in the market. On this basis, this paper analyzes the business of electricity selling company, from the aspects of the transition of business ideas, improving the energy efficiency level, providing integrated energy solutions and innovating business management mode; and then, the service strategies of electricity selling companies are put forward.

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Risk-Constrained Strategic Bidding of GenCos Considering Demand Response

Cited by 84 publications

References 32 publications

Impacts of Ramping Inflexibility of Conventional Generators on Strategic Operation of Energy Storage Facilities

Impacts of Ramping Inflexibility of Conventional Generators on Strategic Operation of Energy Storage Facilities

The Mutual Impact of Demand Response Programs and Renewable Energies: A Survey

Research on service strategy of electricity selling company under the reform of electricity market

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