The distribution electric price with Interruptible Load and Demand Side Bidding

Smart Grid is the research focus of today's power industry. Demand Response (DR), as one of the primary components of the Smart Grid, has got much attention from the utilities and the consumers. In the electricity market with opening demand side, on the basis of optimal spot pricing with Primal - dual interior point algorithm, the distribution pricing model considering Demand Response was formed, taking account to the effects on the system loads of the implementation of Interruptible Load and Demand Side Bidding. Numerical results of an IEEE14-bus example have showed the efficiency of the proposed model, and demonstrated that DR project can control distribution electricity price.