Price-based adaptive spinning reserve requirements in power system scheduling

Price-based adaptive spinning reserve requirements in power system scheduling

In a deregulated electricity market such as the California WEPEX, spinning reserves must be explicitly identified as an ancillary service and priced. Additionally, scheduling coordinators who match suppliers and demands may either self-provide spinning reserves, or rely on the Independent System Operator (ISO) to provide reserves at the spot price. The deregulated market structure makes explici...

Price-takers’ bidding strategies in joint energy and spinning reserve pay-as-bid markets

Strategic bidding in joint energy and spinning reserve markets is a challenging task from the viewpoint of generation companies (GenCos). In this paper, the interaction between energy and spinning reserve markets is modeled considering a joint probability density function for the prices of these markets. Considering pay-as-bid pricing mechanism, the bidding problem is formulated and solved as a...

Solving Multiple Fuels Dynamic Environmental/Economic Dispatch Problem and Incentive Based Demand Response Considering Spinning Reserve Requirements

In this paper a new integrated model of the dynamic environmental/economic dispatch (DEED) problem and emergency demand response program (EDRP) has been presented by which their interactions are investigated. DEED schedules the online generators power output over the whole dispatch period subject to some practical constraints so that the fuel costs and emission are optimized simultaneously. EDR...

What is spinning reserve?

This document proposes a definition of spinning reserve. It also compares the amount asked by TSOs in several systems according to this definition. What is spinning reserve?

Distribution of Power Requirements during Yarn Winding in Ring Spinning