Abstract
In deregulated power systems spinning reserve (SR) can be allocated to different ancillary service providers at different locations based on supplier bids and customer choices on reliability. This paper investigates the impact of transmission line failures using a cost/risk-based spinning reserve allocation method (CRSRAM). The proposed method provides minimum spinning reserve cost, while securing the reliability risk at a minimum in the presence of not only generating unit outages but also transmission line failures. The implementation of this technique in a SR market to determine the SR schedules is presented in the paper. The IEEE Reliability Test System (RTS) has been used to illustrate the applications of the proposed method.
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