Title :
Designing ancillary services markets for power system security
Author :
Zammit, Maree A Bolton ; Hill, David J. ; Kaye, R. John
Author_Institution :
Sch. of Electr. & Inf. Eng., Sydney Univ., NSW, Australia
fDate :
5/1/2000 12:00:00 AM
Abstract :
A framework for ensuring power system security in competitive electricity markets is developed, based on a market for ancillary services. The ancillary services market is designed to integrate with a spot market for electricity, and market operation is based on a set of transparent and repeatable market rules. These rules provide the analytical basis for the algorithm that determines which ancillary service offers should be accepted to optimize system security for least overall cost. The approach is demonstrated for voltage control of a nine bus test system
Keywords :
electricity supply industry; power generation dispatch; power system control; power system economics; power system security; voltage control; ancillary services markets design; competitive electricity markets; electricity spot market; least overall cost; nine bus test system; power generation dispatch; power system economics; power system security; repeatable market rules; transparent market rules; voltage control; Australia; Costs; Electrical equipment industry; Electricity supply industry; Power engineering and energy; Power system economics; Power system modeling; Power system reliability; Power system security; Pricing;
Journal_Title :
Power Systems, IEEE Transactions on
