摘要：This paper presents a new multi-objective day-ahead market clearing (DAMC) mechanism with
demand-side reserves/demand response offers, considering realistic voltage dependent load
modeling.
The paper proposes objectives such as Social Welfare Maximization (SWM) including demandside
reserves, and Load Served Error (LSE) minimization. In this paper, energy and demandside
reserves are cleared simultaneously through co-optimization process. The paper clearly
brings out the unsuitability of conventional SWM for DAMC in the presence of voltage
dependent loads, due to reduction of load served (LS). Under such circumstances multi-objective
DAMC with demand response offers is essential. Multi-objective Strength Pareto Evolutionary
Algorithm 2+ (SPEA 2+) has been used to solve the optimization problem. The effectiveness of
the proposed scheme is confirmed with results obtained from IEEE 30 and IEEE 300 bus test
systems.
