Regional Power System Planning Optimization Considering Demand Side Resources

Power demand side resources include interruptible load and transferable load. With the aid of demand side resources, we can reduce peak load of power system and slow down the power grid investment, and promote the efficiency of power system operation. Based on the assessment of the potential value of demand side resources, this paper proposes a regional power system planning optimization model considering demand side response. The regional total costs of investment cost, fuel cost and demand response compensation cost are minimized with power system planning and operation constraints. The benefits of the proposed model are investigated through several case studies.