IEEE PES Transmission and Distribution Latin America Conference and Exposition - IEEE PES T&D-LA 2014, Medellin (Colombia). 10-13 September 2014
Summary:
This paper evaluates the impact of a demand response program on the day-ahead electricity market in Colombia. The paper uses a realistic approach as it considers a curtailment service provider (a load aggregator) that is able to bid in the market. That is, the paper considers the existence of a demand-bidding program (one type of demand response program) that allows curtailment service providers to submit a bidding curve based on load preferences. Numerical results show that a demand-bidding program requires market participants (generators) to change their participation strategies as demand response might affect their dispatch. Additionally, numerical results show a significant operational cost reduction that benefits the wholesale market.
Keywords: Demand response, the Colombian day ahead electricity market, curtailment service provider, demand response programs
DOI: 
https://doi.org/10.1109/TDC-LA.2014.6955253
Published in IEEE PES T&D-LA 2014, pp: 1-6, ISBN: 978-1-4799-6251-8
Publication date: 2014-11-13.
Citation:
G. Marulanda, J.G. Valenzuela, H. Salazar, An assessment of the impact of a demand response program on the Colombian day-ahead electricity market, IEEE PES Transmission and Distribution Latin America Conference and Exposition - IEEE PES T&D-LA 2014, Medellin (Colombia). 10-13 September 2014. In: IEEE PES T&D-LA 2014: Conference proceedings, e-ISBN: 978-1-4799-6251-8
