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Optimal response of a power generator to energy, AGC, and reserve pool-based markets
- Source :
- IEEE Transactions on Power Systems. May, 2002, Vol. 17 Issue 2, p404, 7 p.
- Publication Year :
- 2002
-
Abstract
- The electric power industry all over the world is undertaking major regulatory and operational changes. The understanding of power supply as a public service is being replaced by the notion that competitive markets constitute a more appropriate framework to supply reliable and cheap electric energy to consumers. As mandated by FERC orders 888 and 889, this paper considers simultaneously energy, AGC, and reserve markets in a pool framework. It provides a tool to enable a power generator to determine optimally its degree of involvement in each one of these markets. A real-world case study is analyzed and results are presented. Index Terms--AGC market, energy market, mixed-integer optimization, pool-based electricity markets, reserve market.
- Subjects :
- Electrical engineering -- Research
Electric power production -- Marketing
Electric utilities -- Economic aspects
Electric power -- Marketing
Competition (Economics) -- Research
Privatization -- Economic aspects
Public interest law -- Economic aspects
Business
Electronics
Electronics and electrical industries
Subjects
Details
- ISSN :
- 08858950
- Volume :
- 17
- Issue :
- 2
- Database :
- Gale General OneFile
- Journal :
- IEEE Transactions on Power Systems
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.87781138