Pareto Optimality Model of Reserve Market Including Interruptible Load

Abstract

Reserve plays an important role in maintaining power system reliability and security. It has practical significance and applicable value taking interruptible load for one kind of reserves to ensure power system reliability and optimize the resource in the electricity market environment. At present, interruptible load has participated in some reserve markets together with generator, but the existing optimization method only takes the total costs of reserves into account and doesn't consider the difference of the reserves coming from the generator and the interruptible load. The paper analyzes the localization of the current optimization method for the reserve market with interruptible load and generator as participants. Pareto optimality method for the reserve market is brought forward, which can obtain the maximal utility and realize the optimization of two kinds of reserves from interruptible load and generator.