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Reserve trading within power purchase agreements

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3 Author(s)
Proctor, R. ; Sch. of Electr. & Electron. Eng., Queen''s Univ., Belfast, UK ; Fox, B. ; Flynn, D.

Power purchase agreements pay for the provision of spinning reserve as an auxiliary service at an agreed rate. This paper presents a new payment method for reserve based on the marginal market cost of the reserve and the amount of reserve provided. It is shown that the mechanism provides generators with an incentive to operate reliably and to maintain a satisfactory dynamic response

Published in:

Electric Utility Deregulation and Restructuring and Power Technologies, 2000. Proceedings. DRPT 2000. International Conference on

Date of Conference:

2000