Assessment of ancillary service demand response and Time of Use in a market-based power system through a stochastic security constrained unit commitment

Abstract

In this paper, the impacts of an incentive-based Demand Response, i.e., Ancillary Service DR (ASDR), and a price-based DR, i.e., Time of Use (ToU), are revealed in a restructured power system which has some wind farms. This network is designed based on the pre-emptive market which is a day-ahead market with a balancing market prognosis. It is a proper mechanism to deal with the stochastic nature of non-dispatchable and outage of all units of the network. With Monte Carlo Simulation (MCS) method, several scenarios are generated in order to tackle the variability and uncertainties of the wind farms generation. The impacts of merging ASDR and ToU are investigated through running a two-stage stochastic security constrained unit commitment (SCUC), separately.