Interruptible loads with low price and high compensation of demand side and reserve capacity of generation side （RCGS） have until now been studied separately. All kinds of reserve capacities should be coordinated in order to improve the economy of reserve capacity configuration and stable control for a power system, and to effectively inhibit market power in the reserve capacity market. A coordination model and optimization algorithm were proposed in the view of risk management based on their mutually supplementary properties in economy. Risk decision for RCGS was made and effects of various reserve market schemes were quantitatively studied. Simulation results were presented to validate this method.
Journal of Shandong University of Technology
low price with interruptible load
high compensation with interruptible load
reserve capacity of generation side