A probabilistic risk-based approach for spinning reserve provision using day-ahead demand response program

Abstract

Spinning Reserve is one of the ancillary services which is essential to satisfy system security constraints when the power system faces with a contingency. In this paper, Day Ahead Demand Response Program as one of the incentive-based Demand Response programs is implemented as a source of spinning reserve. In this regard, certain number of demands are selected according to a sensitivity analysis, and simulated as virtual generation units. The reserve market is cleared for Spinning Reserve allocation considering a probabilistic technique. A comparison is performed between the absence and existence of Day Ahead Demand Response Program from both economical and reliability viewpoints. Numerical studies based on IEEE 57 bus test system is conducted for evaluation of the proposed method.