Article ID Journal Published Year Pages File Type
705937 Electric Power Systems Research 2008 12 Pages PDF
Abstract

In this paper, a new formulation for clearing reserve market in a deregulated environment with separated energy and reserve market is introduced. In the proposed method, reserve market is cleared such that the costs associated with capacity reservation, producing energy in real-time, opportunity cost of those units which are accepted in the energy market and backed down from the accepted values to participate in the reserve market are minimized. This optimization problem is formulated and solved using linear programming method. Finally, the proposed method is applied to a six units test system to examine the applicability and effectiveness of the proposed method.

Related Topics
Physical Sciences and Engineering Energy Energy Engineering and Power Technology
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