Abstract

The presence of high levels of renewable energy resources (RES) and especially wind power production poses technical and economic challenges to system operators, which under this fact have to procure more ancillary services (AS) through various balancing mechanisms, in order to maintain the generation-consumption balance and to guarantee the security of the grid. Traditionally, these critical services had been procured only from the generation side, yet the current perception has begun to recognize the demand side as an important asset that can improve the reliability of a power system, offering notable advantages. In this study, a two-stage stochastic programming model, representing the day-ahead market clearing procedure on an hourly basis and the actual minute-to-minute operation of the power system, is developed comprising different services that specifically address various disturbance sources of the normal operation of a power system, namely intra-hour load variation, intra-hour wind variation, as well as generating unit and transmission line outages.

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

Disclaimer: 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.