Spinning reserve cost evaluation considering demand response effect

Young Hyun Kim, Hyung Geun Kwag, Jin-O Kim

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Scopus citations

Abstract

In power system, spinning reserve is one of the important indicators of power system security. Regarding spinning reserve as an important factor, spinning reserve cost has been appropriated highly. This paper proposes a method for decreasing spinning reserve cost using demand respond (DR) program. The effect of DR is focused on the aspect of decrease effect of spinning reserve cost. In order to present the effect of DR, demand-price elasticity matrix is used in this paper. DR program is modeled N-period time-of-use (TOU) program, which is one of the most important economic methods in Demand-side Management (DSM). The changed load is considered two sides of DR effects, which are load curtailment and load shift. Using the changed load after DR, spinning reserve cost is recalculated. Case study is conducted on the RBTS IEEE with six buses. For the TOU program, it is assumed that parameters of time period partition consist of three time periods. Spinning reserve cost is calculated from local marginal price (LMP) and capacity price (CP) of 24 hours a day.

Original languageEnglish
Title of host publication2012 International Conference on Systems and Informatics, ICSAI 2012
Pages653-658
Number of pages6
DOIs
Publication statusPublished - 2012 Jul 30
Event2012 International Conference on Systems and Informatics, ICSAI 2012 - Yantai, China
Duration: 2012 May 192012 May 20

Publication series

Name2012 International Conference on Systems and Informatics, ICSAI 2012

Other

Other2012 International Conference on Systems and Informatics, ICSAI 2012
CountryChina
CityYantai
Period12/05/1912/05/20

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Keywords

  • Demand Response
  • Demand-Price Elasticity
  • Load Curtailment
  • Load Shift
  • Spinning Reserve
  • TOU program

Cite this

Kim, Y. H., Kwag, H. G., & Kim, J-O. (2012). Spinning reserve cost evaluation considering demand response effect. In 2012 International Conference on Systems and Informatics, ICSAI 2012 (pp. 653-658). [6223081] (2012 International Conference on Systems and Informatics, ICSAI 2012). https://doi.org/10.1109/ICSAI.2012.6223081