Day-Ahead Optimal Scheduling of Resources in a Distribution System in Joint Energy, Regulation and Ramp Markets

The increasing trend of integrating Renewable Energy Sources (RESs) into power systems could cause operational challenges in the system from flexibility and reliability perspectives. Respectively, utilities would be relied on local flexible resources to address requirements systems. In this respect, distribution participate ancillary markets along with wholesale energy capacity shortage system. Consequently, paper aims provide a framework optimize scheduling networks while participating energy, regulation, ramp markets. Correspondingly, approach maximize profits whereas providing Flexible Ramp Product (FRP) regulation reserve for operators. an optimized bidding strategy is developed resources, modeling constraints grids losses improve accuracy proposed scheme. Furthermore, chance constrained concept taken account scheme model uncertainty RESs. Finally, applied IEEE-37-bus-test-system sensitivity analysis employed investigate its effectiveness management