A new method for determining the demand reserve offer function

Artač, Gašper; Flynn, Damian; Kladnik, B.; Pantoš, Miloš; Gubina, Andrej F.; Golob, R.

doi:10.1016/j.epsr.2013.02.007

Cited by 8 publications

(9 citation statements)

References 23 publications

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“…The used market model is formulated using a linear two-stage mixed-integer stochastic optimization program to formally incorporate the uncertainties into the model and to replicate a zonal day-ahead stochastic co-optimized energy and reserve markets [37][38][39]. The objective function is as follows:…”

Section: Market Modelmentioning

confidence: 99%

Agent-based modeling of the demand-side system reserve provision

Lakic

Artač

Gubina

2015

Electric Power Systems Research

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Section: Market Modelmentioning

confidence: 99%

Agent-based modeling of the demand-side system reserve provision

Lakic

Artač

Gubina

2015

Electric Power Systems Research

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“…In one study, the impact of DRPs on system reliability has been assessed, where the results reveal that demand response (DR) has positive impact on the system reliability. The impacts of DRPs have been evaluated on spinning reserve from economic and reliability viewpoints in other studies . Spinning reserve costs as economic index and expected energy not served and loss of load probability as reliability indices was compared in these studies in 2 scenarios: with and without DRPs.…”

Section: Introductionmentioning

confidence: 99%

Reducing reliability cost in presence of renewables by demand side management resources

Jalili

Eslami

Moghaddam

2017

Int Trans Electr Energ Syst

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Summary Resource adequacy procurement is one of the most important issues in power system, which guarantees continuity of supplying the load. Independent system operator is responsible for resource adequacy procurement through capacity mechanisms. Capacity market is one of the most successful capacity mechanisms, where capacity providers sell their products in a competitive manner. Low investment costs, short construction periods, and more competition are factors that may justify using demand side management (DSM) resources in the capacity market. This paper aims to reduce reliability cost and mitigate the market power in the presence of renewables (wind generations and photovoltaics) by DSM resources. In the capacity market, reliability costs are calculated as sum of costs paid to the conventional generators and renewables proportionate to capacity price in their buses, and costs paid to consumers for participation in DSM programs proportionate to their share. The proposed method has been tested on IEEE 57‐bus test system, and the results have been reported.

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“…By offering reserve capacity, a typically large energy consumer will enter into an agreement to provide pre-specified load adjustments, either increasing energy demand during times of surplus supply, or decreasing demand at peak times, for example, when there is little wind energy being generated [27]. In general, the reserve payment mechanism comprises two parts: the reserve capacity price for the reserve capacity allocated, and the deployed reserve price, which is the payment for the energy delivered.…”

Section: Demand Side Management Strategiesmentioning

confidence: 99%

“…In order to participate in the reserve capacity market, each facility has to pass a pre-qualification procedure to verify that the facility is capable of delivering a pre-specified reserve capacity according to the rules and regulations. In addition, the benefits for entering to the reserve capacity market depend on the flexibility of their consumption, market prices of electricity and reserve service, and the frequency of required demand changes [27].…”

Section: Multi-criteria Rankings With Preferences On Financial Dimensmentioning

confidence: 99%