Abstract
To improve reserve deliverability, independent system operators (ISOs) acquire reserve on a zonal basis to ensure the reserves are at least zonally distributed. Notwithstanding the ability for zonal approaches to improve the reserve location, such approaches are imprecise and do not guarantee reserve deliverability on a nodal basis. In order to satisfy operational requirements, unreliable market solutions require additional operator manual adjustments; such uneconomic adjustments are typically expensive and they can distort market price signals. This paper proposes an approach to acquire regulation reserve on a nodal basis. Analysis on the RTS-96 shows that modeling post nodal regulation reserve deployment constraints improve reserve deliverability, market efficiency, and price signals.
| Original language | English (US) |
|---|---|
| Title of host publication | 2017 North American Power Symposium, NAPS 2017 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9781538626993 |
| DOIs | |
| State | Published - Nov 13 2017 |
| Event | 2017 North American Power Symposium, NAPS 2017 - Morgantown, United States Duration: Sep 17 2017 → Sep 19 2017 |
Other
| Other | 2017 North American Power Symposium, NAPS 2017 |
|---|---|
| Country/Territory | United States |
| City | Morgantown |
| Period | 9/17/17 → 9/19/17 |
Keywords
- Locational reserve payments
- power system economics
- reserve requirements
- reserve zones
ASJC Scopus subject areas
- Computer Networks and Communications
- Energy Engineering and Power Technology
- Control and Optimization
- Electrical and Electronic Engineering