The Forward Contract Model of Interruptible Load in Power Market

Author

Wang, Jianxue ; Wang, Xifan ; Ding, Xiaoying

Author_Institution

Xi´´an Jiaotong Univ.

fYear

2005

fDate

2005

Firstpage

1

Lastpage

5

Abstract

Interruptible load management (ILM) is an important part of demand side management (DSM), especially in power market. It has deep influences on reliability and economical operation of power system. How to use a rational model to analyze the ILM becomes a hot topic in China. This paper gives the optimal purchase model of interruptible contract and sets a reasonable selected rule, i.e. the interruptible load should be priorly scheduled in the period with maximal shortage capacity. Based on the rule, the heuristic method is employed to solve the problem. Simulation results of real power system demonstrate the usefulness of the proposed model

Keywords

demand side management; power markets; power system economics; power system reliability; power system simulation; DSM; ILM; demand side management; forward contract model; heuristic method; interruptible load management; optimal purchase model; power market; power system economical operation; reliability evaluation; Energy management; Forward contracts; Load management; Load modeling; Power markets; Power system economics; Power system management; Power system modeling; Power system reliability; Power system simulation; Forward contract; Interruptible load; Power Market; Reliability evaluation;

fLanguage

English

Publisher

ieee

Conference_Titel

Transmission and Distribution Conference and Exhibition: Asia and Pacific, 2005 IEEE/PES

Conference_Location

Dalian

Print_ISBN

0-7803-9114-4

Type

conf

DOI

10.1109/TDC.2005.1546842

Filename

1546842