Ancillary Service Markets

Author

Motamedi, Amir ; Fotuhi-Firuzabad, Mahmud

Author_Institution

Sharif Univ. of Technol., Tehran

fYear

2007

fDate

10-12 Oct. 2007

Firstpage

316

Lastpage

320

Abstract

Ancillary services are generally referred as those services other than energy that are essential for ensuring reliable operation of electric power systems. This paper discusses different approaches for procuring required ancillary services for power system security. Furthermore, various design options for ancillary service markets are studied. Such markets are typically operated by an independent system operator (ISO). Different characteristics of each design option are also explained in this paper. The two most important factors which will be discussed for each design option are the price reversal phenomenon and total procurement cost.

Keywords

power markets; power system economics; power system reliability; power system security; pricing; ancillary service markets; electric power systems; independent system operator; power system security; price reversal phenomenona; reliable operation; total procurement cost; Constraint optimization; Costs; Delay; ISO; Power system reliability; Power system security; Power systems; Procurement; Spinning; Surveillance; Ancillary service markets; Market clearing price (MIP); Price reversal;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering, 2007 Large Engineering Systems Conference on

Conference_Location

Montreal, Que.

Print_ISBN

978-1-4244-1583-0

Electronic_ISBN

978-1-4244-1583-0

Type

conf

DOI

10.1109/LESCPE.2007.4437400

Filename

4437400