NDLI: Pricing and Allocation of Spinning Reserve and Energy in Restructured Power Systems via Memetic Algorithm

Content Provider	IEEE Xplore Digital Library
Author	Hazrati, N. Rashidi-Nejad, M. Gharaveisi, A.-A.
Copyright Year	2007
Description	Author affiliation: Shahid Bahonar Univ. of Kerman (SBUK), Kerman (Hazrati, N.; Rashidi-Nejad, M.; Gharaveisi, A.-A.)
Abstract	In competitive electricity markets, procurement of spinning reserve (SR) as one of the most important ancillary services (AS); is the duty of transmission system operator (TSO). SR capacity allocated for satisfying reliability requirements and desired level of security in power systems causes replacing a part of deliverable energy capacity of units that must not be traded in the energy market. This paper presents SR allocation method considering ramp-rate constraints (RRC) and investigates the impact of these constraints on allocation strategy associated with clearing prices. The proposed method determines the optimal spinning reserve allocation and energy dispatched with the minimum costs via memetic algorithm (MA). A competitive day-ahead market is assumed where suppliers can offer active power for both energy supply and AS through a single-part bid scheme. The proposed method is implemented to an IEEE 57-Bus test system, while the significant results show the effectiveness of the proposed methodology.
Starting Page	234
Ending Page	238
File Size	333360
Page Count	5
File Format	PDF
ISBN	9781424415823
DOI	10.1109/LESCPE.2007.4437384
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-10-10
Publisher Place	Canada
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Pricing Spinning Power systems Power system reliability Power system security Strontium Electricity supply industry Procurement Cost function System testing spinning reserve allocation Deregulation memetic algorithm opportunity costs ramp-rate
Content Type	Text
Resource Type	Article

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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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