TY - GEN
T1 - Probabilistic modelling of demand diversity and its relationship with electricity market outcomes
AU - Ziser, Carla J.
AU - Dong, ZhaoYang
AU - Saha, Tapan Kumar
N1 - Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].
PY - 2007
Y1 - 2007
N2 - Part of the planning process in a multi-regional, interconnected electricity market involves electricity market simulation to look for indications of the need for new generation investment. Regional demand forecasts are required on a dispatch-interval basis for the simulation period, and as interregional demand diversity can affect market outcomes, appropriate levels of diversity should be chosen and uncertainty of diversity considered. This paper presents a methodology for probabilistic simulation of demand diversity scenarios, and an analysis of the market benefits associated with demand diversity. In addition, the implications this has for new generation investment indicators is examined. ©2007 IEEE.
AB - Part of the planning process in a multi-regional, interconnected electricity market involves electricity market simulation to look for indications of the need for new generation investment. Regional demand forecasts are required on a dispatch-interval basis for the simulation period, and as interregional demand diversity can affect market outcomes, appropriate levels of diversity should be chosen and uncertainty of diversity considered. This paper presents a methodology for probabilistic simulation of demand diversity scenarios, and an analysis of the market benefits associated with demand diversity. In addition, the implications this has for new generation investment indicators is examined. ©2007 IEEE.
KW - Demand diversity
KW - Power generation planning
KW - Power system planning
KW - Power system simulation
UR - https://www.scopus.com/pages/publications/42549092587
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-42549092587&origin=recordpage
U2 - 10.1109/PES.2007.385774
DO - 10.1109/PES.2007.385774
M3 - RGC 32 - Refereed conference paper (with host publication)
SN - 1424412986
SN - 9781424412983
T3 - 2007 IEEE Power Engineering Society General Meeting, PES
BT - 2007 IEEE Power Engineering Society General Meeting, PES
T2 - 2007 IEEE Power Engineering Society General Meeting, PES
Y2 - 24 June 2007 through 28 June 2007
ER -