Value of Price Responsive Load for Wind Integration in Unit Commitment

@article{Jonghe2014ValueOP,
  title={Value of Price Responsive Load for Wind Integration in Unit Commitment},
  author={Cedric De Jonghe and Benjamin F. Hobbs and Ronnie Belmans},
  journal={IEEE Transactions on Power Systems},
  year={2014},
  volume={29},
  pages={675-685}
}
The ability of load to respond to short-term variations in electricity prices plays an increasingly important role in balancing short-term supply and demand, especially during peak periods and in dealing with fluctuations in renewable energy supplies. However, price responsive load has not been included in standard models for defining the optimal scheduling of generation units in short-term. Here, elasticities are included to adjust the demand profile in response to price changes, including… CONTINUE READING
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