@inproceedings{4139b15f7f284e52a31ab052c859f3be,
title = "Financial opportunities for LSE under scarcity price environment",
abstract = "To compensate for 'missing money', the Electric Reliability Council of Texas (ERCOT) has continued to increase the offer price cap since the nodal market opened in 2010. This provides financial opportunities for Load Serving Entities (LSE) to deploy demand response. This paper proposes a quasi-real time incentive based demand response (IBDR) scheme for LSE to take advantage of scarcity prices. Combined with the scheme is a hybrid spike price forecasting model also presented by this paper. Numerical case studies are conducted based on the realistic ERCOT load zone price data. The results illustrate the financial benefits achieved by this proposed IBDR scheme.",
keywords = "demand response, load serving entity, mixed integer quadratic programming, price forecasting, scarcity price",
author = "Zhaohao Ding and Piampoom Sarikprueck and Lyndon Lee and Lee, {Wei Jen} and Jie Shi and Heng Lu",
note = "Publisher Copyright: {\textcopyright} 2014 IEEE.; 2014 North American Power Symposium, NAPS 2014 ; Conference date: 07-09-2014 Through 09-09-2014",
year = "2014",
month = nov,
day = "21",
doi = "10.1109/NAPS.2014.6965408",
language = "English",
series = "2014 North American Power Symposium, NAPS 2014",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
booktitle = "2014 North American Power Symposium, NAPS 2014",
}