renewable energy sources (res), especially wind power plants, have high priority of promotion in the energy policies worldwide. an increasing share of res and distributed generation (dg), should, as has been assumed, provide improvement in reliability of electricity delivery to the customers. paper presented here concentrates on electricity storage systems technologies and applications pinpoint...

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Due to uncertain nature of wind and photovoltaic power units, the participation of this units in electricity markets is subjected to significant deviation penalties. This issue leads to despondency or even admission of these units in the competitive environment. With regard to this fact that the low deviations are available when predictions are performed in a short-term horizon and also distrib...

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....

For a stable supply of electricity power plants are required to provide ancillary services in addition to energy production. This paper suggests a solution for optimal bidding strategy for hydroelectric units operating in markets where both energy and ancillary services are priced simultaneously. The model is illustrated on a numerical example of a hydro unit operating in such markets of New Yo...

With significantly increasing share of variable renewable power generation like wind and solar PV, the need in the power system for ancillary services supporting the network frequency, voltage, etc. changes. Turning this issue around, market opportunities will emerge for wind and solar PV technology to deliver such grid services. In the European power system, adequate market mechanisms need to ...

arbitrage is a known economic term, implying simultaneous transaction on commodities. for instance, a generation company (genco) may involve itself in selling fuel, emission allowance and etc., instead of generating either active or reactive power. moreover, arbitrage between active and reactive powers can, in turn, be considered. in this paper, arbitrage between active and reactive power is c...