demand response program in singapore’s wholesale electricity market：（需求响应计划在新加坡）.pdfVIP

Electric Power Systems Research 142 (2017) 279–289 Contents lists available at ScienceDirect Electric Power Systems Research j o u r n a l h o me p ag e: w w w. elsev /locate/eps r Demand response program in Singapore’s wholesale electricity market Shengfeng Zhou a,∗ , Zhen Shu a , Yue Gao b , Hoay Beng Gooi b , Shuaixun Chen a , Kelvin Tan a a Clean Technology Center, DNV GL, 16 Science Park Drive, 118227, Singapore b School of Electrical and Electronic Engineering, Nanyang Technological University, 50 Nanyang Avenue, 63798, Singapore a r t i c l e i n f o a b s t r a c t Article history: Singapore is going to implement a demand response (DR) program to further enhance the efficiency Received 18 May 2016 and competitiveness of its electricity market. This paper aims to provide an in-depth investigation of Received in revised form 29 August 2016 this DR program which features demand side bidding and incentive payments. First, the current market Accepted 20 September 2016 clearing model (MCM) of Singapore’s existing wholesale market, which has no demand side bidding, is Available online 13 October 2016 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 Keywords: auction pricing. Second, the mechanism of how the demand side bidding