This paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. The method considers both the spinning reserve and interruptible loads as the operating reserve services. In the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

this paper demonstrates a method to how reserve capacity and cost allocation could be determined in a pool-based and disaggregated market model. the method considers both the spinning reserve and interruptible loads as the operating reserve services. in the proposed market, generators and consumers (including participation of interruptible loads) submit offers and bids to the independent system...

in this article using comparative multi-purpose algorithm of pso, optimum capacity of new resources and their spinning storage is defined. spinning reserve requirements and optimized to maximize profit per unit is determined according to uncertainty. in fact by increasing the level of cost reservation, power supply increases but penalty of blackout decreases. in this paper in has been tried to ...

In an electric power system, spinning reserve requirements can be determined by using deterministic and/or probabilistic measures. Although deterministic methods are usual in many systems, application of probabilistic methods becomes increasingly important in the new environment of the electric power utility industry. This is because of the increased uncertainty associated with competition. In ...

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...

In this article using comparative multi-purpose algorithm of PSO, optimum capacity of new resources and their spinning storage is defined. Spinning reserve requirements and optimized to maximize profit per unit is determined according to uncertainty. In fact by increasing the level of cost reservation, power supply increases but penalty of blackout decreases. In this paper in has been tried to ...

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...

Reliable and efficient operation of deregulated electricity markets requires supply and demand elasticity. This paper presents incentive control of spinning reserves in electricity multi-markets using game theory. Interruptible load contracts (ILC) could reduce the amount of spinning reserve requirements during system contingencies such as transmission congestion. It is shown that the power uti...

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...