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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Xiangxing Meng Xueshan Han Dawei Huang |
| Copyright Year | 2006 |
| Description | Author affiliation: Dept. of Electr. Eng., Shandong Univ., Jinan (Xiangxing Meng; Xueshan Han; Dawei Huang) |
| Abstract | In electricity markets, ISO has to purchase the proper reserve capacity at some price for maintaining an acceptable risk level of power system. At the same time, the responsibility of each market participant must be quantified explicitly for apportioning the costs of reserves. Unlike traditional deterministic dispatch, this paper maximizes the social welfare with considering the expected surplus of the consumers and suppliers caused by selected pre-contingencies. The shed loads involuntarily as controllable variables are introduced. The optimal reserve capacity can be obtained, and the acceptable risk level of system can be calculated under this reserve setting. Based on probabilistic analysis, the impact degree of uncertain factor to the acceptable risk of system, which is the criterion of reserve responsibility partition, can be calculated. Finally, a simple example is used to show the ideas. |
| Starting Page | 1 |
| Ending Page | 5 |
| File Size | 5608880 |
| Page Count | 5 |
| File Format | |
| ISBN | 1424401100 |
| DOI | 10.1109/ICPST.2006.321840 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2006-10-22 |
| Publisher Place | China |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Electricity supply industry Costs Power systems Power generation economics Dispatching Security ISO Risk analysis Power system reliability Power system economics uncertain factor electricity market expected surplus power system reserve responsibility partition |
| Content Type | Text |
| Resource Type | Article |
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