Abstract
In power market environment, the first goal of grid company is to maximize its profits, which is different from the traditional power system. The security and reliability of power system should be subordinate to this goal. This paper proposes that, in power market environment, the power interruption acceptable to both supply and demand sides should be regarded not as damage to secure and reliable operation, but as continuity of power supply. In this point of view, the paper proposes how to use load-shedding in power trade market and reserve capacity to maximize economic benefit. The analysis of the mathematical model and simulated results show that the method is feasible and economic.
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