Abstract
This paper proposes that the control action provided by power system stabilizers (PSSs) to enhance system stability, be considered as one of the system ancillary services. To this effect, there is a need to formulate appropriate financial compensation mechanisms for the generators, in return for their service. At the same time, it is also important to identify which PSS is more crucial for system stability, and also those which could be even detrimental to overall system stability. A cooperative game theory-based approach using the Shapley value criterion is developed in this paper to identify the marginal contribution of each PSS to the total control effort. Accordingly, the method outlines appropriate allocation of payment to each generator involved in providing the PSS-control.
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 callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
