By Topic

Reliability and reserve in competitive electricity market scheduling

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
$33 $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

4 Author(s)
M. Flynn ; ESB Nat. Grid, Dublin, Ireland ; W. P. Sheridan ; J. D. Dillon ; M. J. O'Malley

Power systems are typically scheduled at least cost subject to operational and security constraints. Generally, no account is taken of generator reliability when scheduling units. Also, the security criteria, which include reserve, are usually deterministic in nature. This paper proposes a method to consider generator reliability explicitly in the scheduling problem. A competitive structure is proposed which includes a market for reserve. This is formulated as an augmented Lagrangian dual function and is solved using a new recurrent neural network. The price for reserve is used, along with the unit reliability, to find a balance between the cost of reserve and the risk of not providing it

Published in:

IEEE Transactions on Power Systems  (Volume:16 ,  Issue: 1 )