Interruptible load contracts implementation in stochastic security constrained unit commitment

Providing more choices to customers for determining the cost of their required reliability levels is one of the most important targets of restructured power system. Centralized management of reliability in Vertically Integrated Utility (VIU) applying the same policies to different customers is replaced with decentralized management allowing customers to participate in reliability management based on their required reliability levels. Hence, the importance of implementing interruptible load contracts that specifies each customer´s reliability level has been increased in power system studies. In this paper, stochastic programming based on Monte Carlo approach has been used to implement interruptible load contracts in security constrained unit commitment. The performance of the proposed method is demonstrated by applying it to a 6-bus system.