Optimal response of a power generator to energy, AGC, and reserve pool-based markets

Author

Arroyo, José Manuel ; Conejo, Antonio J.

Author_Institution

Departamento de Ingenieria Electrica, Electronica y Automatica, Univ. de Castilla, La Mancha, Spain

Volume

17

Issue

2

fYear

2002

fDate

5/1/2002 12:00:00 AM

Firstpage

404

Lastpage

410

Abstract

The electric power industry all over the world is undertaking major regulatory and operational changes. The understanding of power supply as a public service is being replaced by the notion that competitive markets constitute a more appropriate framework to supply reliable, and cheap electric energy to consumers. As mandated by FERC orders 888 and 889, this paper considers simultaneously energy, AGC, and reserve markets in a pool framework. It provides a tool to enable a power generator to determine optimally its degree of involvement in each one of these markets. A real-world case study is analyzed and results are presented

Keywords

control system synthesis; electricity supply industry; optimal control; optimisation; power generation control; power system interconnection; AGC; FERC; case study; competitive markets; electric power industry; energy; power generator response; power pool framework; power supply; public service; reserve markets; Cost function; Electricity supply industry; Helium; Load forecasting; Power generation; Power supplies; Production; Spinning;

fLanguage

English

Journal_Title

Power Systems, IEEE Transactions on

Publisher

ieee

ISSN

0885-8950

Type

jour

DOI

10.1109/TPWRS.2002.1007910

Filename

1007910