Co-optimization of demand response and interruptible load reserve offers for a price-making major consumer

Mahbubeh Habibian, Golbon Zakeri, Anthony Downward, Miguel F. Anjos, Michael Ferris

Research output: Contribution to journalArticlepeer-review

Abstract

We study demand-side participation in an electricity market for an industrial consumer of electricity, with some flexibility to reduce demand, and capable of offering interruptible load reserve. Our consumer is a price maker, and the impact of its actions in the market is modelled via a bi-level optimization problem. We have extended a standard model for optimal strategic consumption, to the case where reserve offer curves need to be optimized simultaneously with consumption curves; our models provide intuition into this interaction. Furthermore, we provide tailor-made solution strategies for the resulting problems under uncertainty, and report numerical results of our implementation on instances over the full New Zealand network yielding a realistic and large problem set.
Original languageEnglish
Pages (from-to)45–71
JournalEnergy Systems
Volume11
Early online date10 Nov 2018
DOIs
Publication statusPublished - 29 Feb 2020

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