A new approach for reserve market clearing and cost allocating in a pool model

Iranian Journal of Science and Technology, Transaction B: Engineering

Volumn 31, Issue 6, 2007, Pages 593-602

  Afshar, K ^a   Ehsan, M ^a   Fotuhi Firuzabad, M ^a   Ahmadi Khatir, A ^a   Bigdeli, N ^a  

^a SHARIF UNIVERSITY OF TECHNOLOGY   (Iran)

Author keywords

Cost allocation; Deregulation; Pool model; Public good; Reserve market; Well being

Indexed keywords

COSTS; CUSTOMER SATISFACTION; DEREGULATION; MARKETING;

COST-BENEFIT ANALYSIS; DEREGULATION; ENERGY MARKET; MODEL; PUBLIC GOODS; REGULATORY APPROACH;

EID: 39449117156     PISSN: 10286284     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (20)

1. Shahidehpour, M., Yamin, H. & Li, Z. (2002). Market operations in electric power systems. John Wiley and Sons.
2. Fotuhi-Firuzabad, M. & Billinton, R. (2000). A security based approach for generating unit scheduling. IEEE Power Engineering Society Summer Meeting, Seattle, WA, USA, Vol. 1, pp. 195-200.
3. Wang, L., Yu, C. W. & Wen, F. S. (2007). Economic theory and the application of incentive contracts to procure operating reserve. Electric Power Systems Research, Vol. 77, pp 518-526.
4. Chan, C. Y., Ni, Y. X. & Wu, F. F. (2002). Fundamentals of operating reserve procurance using decentralized approach with insurance theory application. Electric Power Systems Research, Vol. 63, No. 3, pp. 229-238.
5. Gooi, H. B., Mendes, D. P., Bell, K. R. W. & Kirschen, D. S. (1999). Optimal scheduling of spinning reserve. IEEE Transaction on Power Systems, Vol. 14, pp. 1485-1492.
6. Yu, C. W., Zhao, X. S., Wen, F. S., Chung, C. Y., Chung, T. S. & Huang, M. X. (2005). Pricing and procurement of operating reserve in competitive pool-based electricity markets. Electric Power Systems Research, Vol. 73, No. 1, pp.37-43.
7. Goel, L., Song, Z. & Wang, P. (2004). Well-being analysis of spinning reserve in a bilateral power market. Electric Power Systems Research, Vol. 69, No. 1, pp.37-42.
8. Bouffard, F. & Galiana, F. D. (2004). An electricity market with a probabilistic spinning reserve criterion. IEEE Transactions on Power Systems, Vol. 19, pp.300-307.
9. Xu, Z., Dong, Z. Y. & Wong, K. P. (2003). Optimal dispatch of spinning reserve in a competitive electricity market using genetic algorithm. The 2003 Congress on Evolutionary Computation (CEC), Canberra, Australia, Vol.1, pp. 587-592.
10. Galiana, F., Bouffard, F., Arroyo, J. M. & Restrepo, J. F. (2005). Scheduling and pricing of coupled energy and primary, secondary, and tertiary reserves. Proceedings of the IEEE, Vol. 93, No. 11, pp. 1970-1983.
11. Billinton, R. & Fotuhi-Firuzabad, M. (1994). A basic framework for generating system operating health analysis. IEEE Transactions on Power Systems, Vol. 9, No. 3, pp. 1610-1617.
12. Billinton, R. & Fotuhi-Firuzabad, M. (1994). Generating system operating health analysis considering stand-by units, interruptible load and postponable outages. IEEE Transactions on Power Systems, Vol. 9, No. 3, pp. 1618-1625.
13. Fotuhi-Firuzabad, M., Billinton, R. & Aboreshaid, S. (1996). Response health constraints in economic load dispatch considering standby units, interruptible loads and postponable outages. IEE Proceedings- Generation, Transmission and Distribution, Vol. 143, No. 6, pp. 599-607.
14. Fotuhi-Firuzabad, M., Billinton, R. & Aboreshaid, S. (1996). Spinning reserve allocation using response health analysis. IEE Proceedings- Generation, Transmission and Distribution, Vol. 143, No. 4, pp. 337-343.
15. Billinton, R. & Fotuhi-Firuzabad, M. (1997). Unit commitment health analysis for interconnected systems. IEEE Transactions on Power Systems, Vol. 12, No. 3, pp. 1194-1201.
16. Billinton, R. & Allan, R. N. (1996). Reliability Evaluation of Power Systems. 2nd edition, Plenum Press, USA.
17. Wang, P. & Billinton, R. (2003). Reliability assessment of a restructured power system using reliability network equivalent techniques. IEE Proceeding on Generation, Transmission and Distribution, Vol. 150, No. 5, pp. 555-560.
18. Raineri, R., Rios, S. & Schiele, D. (2006). Technical and economic aspects of ancillary services markets in the electric power industry: an international comparison. Energy Policy, 34, 1540-1555.
19. Chow, J. H., Mello, R. W. D. & Cheung, K. W. (2005). Electricity market design: an integrated approach to reliability assurance. Proceedings of the IEEE, Vol. 93, No. 11, 1956-1959.
20. IEEE Committee Report, (1996). The IEEE reliability test system-1996, Report 96 WM 326-9 PWRS, presented at the IEEE Power Engineering Society Winter Meeting, Baltimore, MD, USA.