sir my problem is i am taking an ieee standard bus system. based on the reference paper on contingency analysis i take 9-14 line as the most critical outage for 14 bus system. i remove that line and i apply the demand response at 3rd bus which have 94.2MW load.
[image: Inline image 1] taking demand before demand response 94.2MW,elasticity as given -0.1 as given in reference,penalty as zero,assume incentive as 100$/MWh,price taken the lmp value at 3rd bus.i get the load after dr as 84.6. now my question is ,when i include incentives then the price will change at that bus.how to show the price variation
