Incorporating post zonal reserve deployment transmission constraints into energy and ancillary service co-optimization

Author

Yonghong Chen ; Gribik, Paul ; Gardner, Joe

fYear

2014

fDate

27-31 July 2014

Firstpage

1

Lastpage

1

Abstract

Summary form only given. This paper presents a new approach implemented in MISO day-ahead and real-time Energy and Ancillary Service Market clearing processes to address the reserve deliverability issue. In this approach, MISO enhanced the co-optimization process to incorporate post zonal reserve deployment transmission constraints. Reserves are procured within the co-optimization to meet both market-wide reserve requirements and ensure their deliverability on a zonal basis. As a result, zonal Market Clearing Prices (MCPs) for reserves can properly reflect the effects of zonal reserve deployment on transmission constraints under consideration.

Keywords

optimisation; power markets; power transmission economics; MCPs; MISO day-ahead market clearing processes; ancillary service co-optimization process; energy service co-optimization process; market-wide reserve requirements; post zonal reserve deployment transmission constraints; real-time energy-ancillary service market clearing processes; transmission constraints; zonal market clearing prices; zonal reserve deployment; Optimization; Real-time systems;

fLanguage

English

Publisher

ieee

Conference_Titel

PES General Meeting | Conference & Exposition, 2014 IEEE

Conference_Location

National Harbor, MD

Type

conf

DOI

10.1109/PESGM.2014.6938778

Filename

6938778