Abstract
Since the hourly spot market price is available one day ahead in Denmark, the price could be transferred to the consumers and they may shift some of their loads from high price periods to the low price periods in order to save their energy costs. The optimal load response to an electricity price for demand side management generates different load profiles and may provide an opportunity to improve the transient stability of power systems with high wind power penetrations. In this paper, the idea of the power system transient stability improvement by using optimal load response to the electricity price is proposed. A 102-bus power system which represents a simplified model of the western Danish power system is chosen as the study case. Simulation results show that the optimal load response to electricity prices is an effective measure to improve the power system transient stability with high wind power penetrations.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 9th International Conference on the European Energy Market (EEM 2012) |
| Number of pages | 8 |
| Publisher | IEEE Press |
| Publication date | 2012 |
| ISBN (Print) | 978-1-4673-0834-2 |
| ISBN (Electronic) | 978-1-4673-0832-8 |
| DOIs | |
| Publication status | Published - 2012 |
| Event | 9th International Conference European Energy Market (EEM 2012) - Florence, Italy Duration: 10 May 2012 → 12 May 2012 |
Conference
| Conference | 9th International Conference European Energy Market (EEM 2012) |
|---|---|
| Country/Territory | Italy |
| City | Florence |
| Period | 10/05/2012 → 12/05/2012 |
Keywords
- Transient stability
- Optimal load response
- Electricity price
- Electricity market