dc.contributor.authorZhou, Shengfeng
dc.contributor.authorShu, Zhen
dc.contributor.authorGao, Yue
dc.contributor.authorGooi, Hoay Beng
dc.contributor.authorChen, Shuaixun
dc.contributor.authorTan, Kelvin
dc.date.accessioned2016-12-19T08:19:58Z
dc.date.available2016-12-19T08:19:58Z
dc.date.issued2017
dc.identifier.citationZhou, S., Shu, Z., Gao, Y., Gooi, H. B., Chen, S., & Tan, K. (2017). Demand response program in Singapore’s wholesale electricity market. Electric Power Systems Research, 142, 279-289.en_US
dc.identifier.issn0378-7796en_US
dc.identifier.urihttp://hdl.handle.net/10220/41888
dc.description.abstractSingapore is going to implement a demand response (DR) program to further enhance the efficiency and competitiveness of its electricity market. This paper aims to provide an in-depth investigation of this DR program which features demand side bidding and incentive payments. First, the current market clearing model (MCM) of Singapore’s existing wholesale market, which has no demand side bidding, is introduced. A mathematical model of the MCM is formulated to explain and solve the current market clearing process, where the energy and ancillary services are settled simultaneously through a form of auction pricing. Second, the mechanism of how the demand side bidding is incorporated into the current MCM is explained, with an emphasis on the demand side offer and the newly introduced constraints. A modified MCM with DR is then formulated. Third, the incentive payment mechanism intended to promote DR participation is elaborated. Numerical analysis is performed to demonstrate how the current MCM and MCM with DR work, as well as how the incentive payment is settled. Various numerical case studies are carried out to discuss the economic benefits from participating in the DR program.en_US
dc.format.extent10 p.en_US
dc.language.isoenen_US
dc.relation.ispartofseriesElectric Power Systems Researchen_US
dc.rights© 2016 Elsevier B. V. This is the author created version of a work that has been peer reviewed and accepted for publication by Electric Power Systems Research, Elsevier B. V. It incorporates referee’s comments but changes resulting from the publishing process, such as copyediting, structural formatting, may not be reflected in this document. The published version is available at: [http://dx.doi.org/10.1016/j.epsr.2016.09.022].en_US
dc.subjectSingapore electricity marketen_US
dc.subjectMarket clearing model (MCM)en_US
dc.titleDemand response program in Singapore’s wholesale electricity marketen_US
dc.typeJournal Article
dc.contributor.schoolSchool of Electrical and Electronic Engineeringen_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.epsr.2016.09.022
dc.description.versionAccepted versionen_US


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