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Economic Valuation of Reserves in Power Systems With High Penetration of Wind Power
Abstract
This paper proposes a methodology to determine the required level of spinning and nonspinning reserves in a power system with a high penetration of wind power. The computation of the required reserve levels and their costs is achieved through a stochastic programming market-clearing model spanning a daily time horizon. This model considers the network constraints and takes into account the cost of both the load shedding and the wind spillage. The methodology proposed is illustrated using an example and a realistic case study. Some conclusions are finally drawn.
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Citations
Cited by
Reserve Requirements for Wind Power Integration: A Scenario-Based Stochastic Programming Framework
Papavasiliou, A., Oren, S. S., & O'Neill, R. P. (2011) · IEEE Transactions on Power Systems · doi:10.1109/tpwrs.2011.2121095 · Cited by 580
Security-Constrained Unit Commitment With Linearized System Frequency Limit Constraints
Ahmadi, H., & Ghasemi, H. (2014) · IEEE Transactions on Power Systems · doi:10.1109/tpwrs.2014.2297997 · Cited by 386
A methodology to generate statistically dependent wind speed scenarios
Morales, J. M., Mínguez, R., & Conejo, A. J. (2010) · Applied Energy · doi:10.1016/j.apenergy.2009.09.022 · Cited by 342
Self-citationChance-Constrained AC Optimal Power Flow: Reformulations and Efficient Algorithms
Roald, L., & Andersson, G. (2018) · IEEE Transactions on Power Systems · doi:10.1109/tpwrs.2017.2745410 · Cited by 267
Integrated operation of electric vehicles and renewable generation in a smart distribution system
Zakariazadeh, A., Jadid, S., & Siano, P. (2015) · Energy Conversion and Management · doi:10.1016/j.enconman.2014.09.062 · Cited by 144
Metadata
- Authors
- Morales, J. M., Conejo, A. J., & Perez-Ruiz, J.
- Venue
- IEEE Transactions on Power Systems
- Published
- 2009-05
- Volume
- 24
- Issue
- 2
- Pages
- 900-910
- ISSN
- 0885-8950 (ISSN-L)
- 1558-0679
- OpenAlex
- W2098854737
- Cited by
- 573
- References
- 0
- FWCI
- 17.42
- Type
- journal article
- Language
- en
- Open access
- closed
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- Morales, J. M., Conejo, A. J., & Perez-Ruiz, J. (2009). Economic Valuation of Reserves in Power Systems With High Penetration of Wind Power. IEEE Transactions on Power Systems. https://doi.org/10.1109/tpwrs.2009.2016598
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
