Article
Swing Contracts With Dynamic Reserves for Flexible Service Management
IEEE Transactions on Power Systems
Document Type
Article
Disciplines
Publication Version
Submitted Manuscript
Publication Date
9-1-2019
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.
Copyright Owner
IEEE
Copyright Date
2018
Language
en
File Format
application/pdf
Citation Information
Shanshan Ma, Zhaoyu Wang and Leigh Tesfatsion. "Swing Contracts With Dynamic Reserves for Flexible Service Management" IEEE Transactions on Power Systems Vol. 34 Iss. 5 (2019) p. 4024 - 4037 Available at: http://works.bepress.com/leigh-tesfatsion/111/
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