A study of demand-side reserve offers in joint energyreserve electricity markets

This thesis proposes and studies an electricity market model that includes demand-side reserve offers. The energy and reserves from both supply and demand side are scheduled and dispatched in a joint auction through a mixed-integer optimization program. Among the advantages of this more general electricity market, due to the extra flexibility introduced by the demand-side reserve offers, the consumers' profits increase while themarket power of the generators is reduced. The behavior of this type of market is simulated and analyzed on the 24-bus IEEE Reliability Test System using the mixed-integer linear program, CPLEX