|Title||The real value of load flexibility — congestion free dispatch|
|Publication Type||Conference Paper|
|Year of Publication||2015|
|Authors||Jonathan Mather, Enrique Baeyens, Kameshwar Poolla, Pravin Varaiya|
|Conference Name||2015 American Control Conference (ACC)|
|Conference Location||Chicago, IL, USA|
|Keywords||reliability and markets, RM11-006|
In this paper we present a new value proposition for load flexibility. This value is derived through enabling a congestion free dispatch, which brings economic benefits to the market participants (loads and generators), subject to certain conditions on the network. If participant classes are considered as collectives, then no class of participants is economically disadvantaged. We show that load flexibility increases the opportunity for congestion free dispatch. The economic implications of this new paradigm are studied using a simple two bus example.