Title

Swing Contracts With Dynamic Reserves for Flexible Service Management

Campus Units

Economics, Electrical and Computer Engineering

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

9-2019

Journal or Book Title

IEEE Transactions on Power Systems

Volume

34

Issue

5

First Page or Article ID Number

4024

Last Page

4037

DOI

10.1109/TPWRS.2018.2831924

Abstract

The increasing penetration of variable energy resources in modern electric power systems requires additional flexibility in reserve provision to maintain reliable and efficient grid operations. However, full recognition and appropriate compensation of this flexibility is difficult to ensure within current power market designs due to rigidity in reserve definitions and requirements. This paper proposes a new mixed-integer linear programming formulation for the optimal clearing of a day-ahead market based on swing contracts with dynamically updated regulation reserve zones. Five-bus and 30-bus test cases are used to illustrate the effectiveness of the proposed new market design.

Comments

© 2018 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. doi: 10.1109/TPWRS.2018.2831924.

Copyright Owner

IEEE

Language

en

File Format

application/pdf

Published Version

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