Journal
IEEE TRANSACTIONS ON INDUSTRY APPLICATIONS
Volume 54, Issue 2, Pages 1039-1046Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/TIA.2017.2785761
Keywords
Demand resource (DR); demand response resource (DRR); electricity capacity market; market clearing price (MCP); transmission expansion planning (TEP)
Funding
- Energy Production and Infrastructure Center (EPIC) of the University of North Carolina at Charlotte
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Demand response cannot only be used as a power supply resource to produce a negawatt in high power prices or when the reliability of the grid is threatened, but can also be applied to resolve a transmission expansion planning problem instead of implementing a costly and complex transmission upgrade solution. Essentially, the demand response resources (DRRs) can relieve the capacity requirement for a load area, and thereby relieve the import transmission requirement. This paper explores the role of DRRs as an alternative solution to the required transmission upgrades in the context of a proposed capacity market modeled based on Pennsylvania-New Jersey-Maryland (PJM) capacity market model. Numerical results show that the DRRs can indeed replace the needed transmission upgrades.
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