By Topic

A probabilistic reserve market incorporating interruptible load

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

5 Author(s)
Bai, J. ; Sch. of Electr. & Electron. Eng., Nanyang Technol. Univ. ; Gooi, H.B. ; Xia, L.M. ; Strbac, G.
more authors

A probabilistic method for a pool-based combined energy and reserve market, which considers both generators and interruptible loads (ILs), is proposed in this paper. We minimize generation production cost together with the cost associated with expected energy not supplied (EENS) due to outages of generating units and failures of ILs to supply the reserve when required. The proposed settlement scheme allocates equitably cost of reserve among generators and ILs. Given that the method takes into account reliability of individual generators and ILs, the proposed scheme provides incentives for all market participants to improve their performance. A number of case studies are carried out to illustrate the impact of participant's characteristics on the reserve cost allocation

Published in:

Power Systems, IEEE Transactions on  (Volume:21 ,  Issue: 3 )