Title :
Incorporating Post Zonal Reserve Deployment Transmission Constraints Into Energy and Ancillary Service Co-Optimization
Author :
Yonghong Chen ; Gribik, Paul ; Gardner, Joe
Author_Institution :
Midcontinent Indep. Syst. Operator, Inc. (MISO), Carmel, IN, USA
Abstract :
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; transmission networks; MCP; MISO day-ahead ancillary service market clearing processes; ancillary service cooptimization; market-wide reserve requirements; post zonal reserve deployment transmission constraints; real-time energy market clearing processes; reserve deliverability issue; zonal market clearing prices; Indexes; Mathematical model; Optimization; Real-time systems; Reliability; Sensitivity; Spinning; Ancillary services; co-optimization; dispatch and scheduling; locational marginal price; market clearing price; market design; reserve; system reliability;
Journal_Title :
Power Systems, IEEE Transactions on
DOI :
10.1109/TPWRS.2013.2284791
