Abstract

This chapter introduces the concept of ancillary services and the various ancillary service markets. In particular, we will discuss the procurement and pricing of reserves in electric power markets. A joint dispatch model for energy and reserve with regards to the real-time and day-ahead market is presented. Finally, development of an option pricing model is described.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call