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Economic valuation of reserves in power systems with high penetration of wind power

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3 Author(s)
Juan M. Morales ; Junta de Comunidades de Castilla ¿ La Mancha through project PBI-05-053, and by the Ministry of Science and Technology of Spain through CICYT Project DPI2006-08001 ; Antonio J. Conejo ; Juan Perez-Ruiz

Summary form only given. This paper proposes a methodology to determine the required level of spinning and non-spinning reserves in a power system with a high penetration of wind power. The computation of the required reserve levels and their costs is achieved through a stochastic programming market-clearing model spanning a daily time horizon. This model considers the network constraints and takes into account the cost of both the load shedding and the wind spillage. The methodology proposed is illustrated using an example and a realistic case study. Some conclusions are finally drawn.

Published in:

2009 IEEE Power & Energy Society General Meeting

Date of Conference:

26-30 July 2009