Demand Response: A Tool for Flexibility Creation in the Electricity Market

Abstract

Demand response is termed as encouraging consumers to voluntarily trim the electricity usage at specific times of the day. Therefore, the optimal power flow model is used to solve the problem of identifying the appropriate operating levels for electric power plants in order to meet demand across a transmission network while trying to minimize operating costs. Moreover, the cost, losses. Load, demand and line charging levels are compared using Matlab and ETAP software (Electrical Transient Analyzer Program) is used to evaluate optimal setting and have design power system operation. This article investigates OPF and load flow of an IEEE 30 bus system in Matlab and ETAP. Thereby, the result outcome generates the comparison of both Matlab and ETAP. Finally this work shows that is used to investigates a larger and practical competitive power system.