Demand side participation for a major consumer in a co-optimized electricity and reserve market
Mahbubeh Habibian – University of Auckland, Nouvelle-Zélande
We probe demand side participation for a large consumer through demand response and offering in interruptible load reserve. The model is a bi-level optimization problem that uses the dispatch model, where electricity and reserve are co-optimized, as the lower level and the profit maximization problem for the strategic consumer (in a Cournot competition) as the upper level. The model is transformed into a mixed-integer program through different reformulations
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