This paper presents a proposal to introduce industrial demand side bidding to curtail load, being part of the system load and frequency control resources, as economical alternative in substitution of thermal power plants dispatch, but, at the same time, keeping business profitability. Financial performance indicator from aluminium industry was used to simulate impact of curtailment on medium term power price model in terms of Operation Cost and Deficit Risk. Introduction of demand side bidding in power system operation resulted in reduction in total operation cost and reduction of risk of rationing according to simulation.
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Soares et al. (2017) studied this question.
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