Economic Valuation of Reserves in Power Systems With High Penetration of Wind Power
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- 14 April 2009
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Systems
- Vol. 24 (2), 900-910
- https://doi.org/10.1109/tpwrs.2009.2016598
Abstract
This paper proposes a methodology to determine the required level of spinning and nonspinning 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.Keywords
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