Design of Ancillary Service Markets1
نویسنده
چکیده
1 The work described in this paper was coordinated by the Consortium for Electric Reliability Technology Solutions on behalf of the Department of Energy. Abstract We examine the design of bid selection protocols and settlement rules in ancillary service markets. Such markets are typically operated by an independent system operator (ISO) for competitive procurement of reserves that are needed to ensure the secure operation of a competitive electric power system. Reserve types are characterized in terms of response time and they are downward substitutable (faster responding reserves can replace slower ones). We explore how this substitutability is accounted for in alternative market protocols and we analyze the efficiency, distributional aspects and incentive compatibility of such protocols.
منابع مشابه
Power Flow Tracing Based Reactive Power Ancillary Service (AS) in Restructured Power Market
Ancillary services are support services which are essential for humanizing and enhancing the reliability and security of the electric power system. Reactive power ancillary service is one of the important ancillary services in a restructured electricity market which determines the cost of supplying ancillary services and finding of how this cost would change with respect to operating decisions....
متن کاملWould the Social Planner Let Bags Fly Free?
Motivated by airline baggage fees, we consider a service provider offering a main service (e.g., transporting a person) and an ancillary service (e.g., transporting a checked bag) that an individual customer may or may not need. We ask whether the firm should bundle the two services and post a single price or unbundle them and price the ancillary service separately. We consider two motivations ...
متن کاملDesign of Ancillary Service Markets
1 The work described in this paper was coordinated by the Consortium for Electric Reliability Technology Solutions on behalf of the Department of Energy. Copyright 2001 IEEE. Published in the Proceedings of the Hawaii International Conference On System Sciences, January 3-6, 2001, Maui, Hawaii. Abstract We examine the design of bid selection protocols and settlement rules in ancillary service m...
متن کاملAnalyzing the Role of Public Libraries Services in the Development of the Local Economy: Case Study of Kermanshah Province
Purpose: This study aimed to analyze the role of public libraries in the development of the local economy from the perspective of librarians working in public libraries of Kermanshah province in the current and desirable situation of public libraries. This study extracts the activities that the public library can do in the development of the local economy in the form of information and informat...
متن کاملA New Scheme for Voltage Control in a Competitive Ancillary Service Market
This paper shows how a competitive ancillary service market for voltage control/reactive power might operate and what it might look like, given the eminently local nature of the service. An automatic voltage control would dynamically manage the reactive power available in a certain geographic region and a local market in reactive power could then be developed similarly to that proposed for the ...
متن کامل