Stochastic look-ahead economic dispatch with variable generation resources

Y Gu, L Xie - IEEE Transactions on Power Systems, 2016 - ieeexplore.ieee.org
With the continuing growth of renewable penetration in power systems, it becomes
increasingly challenging to manage the operational uncertainty at near-real-time stage via …

A metric and market construct of inter-temporal flexibility in time-coupled economic dispatch

AA Thatte, L Xie - IEEE Transactions on Power Systems, 2015 - ieeexplore.ieee.org
The increasing penetration of variable and uncertain generation from renewable resources
poses a challenge for balancing the power system supply and demand. Violations of this …

Dynamic reserve zones for day-ahead unit commitment with renewable resources

F Wang, KW Hedman - IEEE Transactions on Power Systems, 2014 - ieeexplore.ieee.org
As more non-dispatchable renewable resources are integrated into the grid, it will become
increasingly difficult to predict the transfer capabilities and the network congestion. At the …

The role of out-of-market corrections in day-ahead scheduling

YM Al-Abdullah, M Abdi-Khorsand… - IEEE Transactions on …, 2014 - ieeexplore.ieee.org
In order to ensure a reliable and continuous supply of electric energy, operators must
manage hundreds to thousands of generators with complex operating requirements …

Reserve requirements to efficiently manage intra-zonal congestion

JD Lyon, KW Hedman, M Zhang - IEEE Transactions on Power …, 2013 - ieeexplore.ieee.org
The security-constrained unit commitment problem schedules power generators to minimize
cost subject to operating constraints. Reserve requirements ensure that reserve is available …

Dynamic reserve and transmission capacity allocation in wind-dominated power systems

N Viafora, S Delikaraoglou, P Pinson… - … on Power Systems, 2020 - ieeexplore.ieee.org
The large shares of wind power generation in electricity markets motivate higher levels of
operating reserves. However, current reserve sizing practices fail to account for important …

Market Implications of Alternative Operating Reserve Modeling in Wholesale Electricity Markets

H Davoudi, F Wang, Y Chen, D Shi… - IEEE Transactions on …, 2024 - ieeexplore.ieee.org
Pricing and settlement mechanisms are crucial for efficient resource allocation, investment
incentives, market competition, and regulatory oversight. In the United States, Regional …

Market implications and pricing of dynamic reserve policies for systems with renewables

JD Lyon, F Wang, KW Hedman… - IEEE Transactions on …, 2015 - ieeexplore.ieee.org
Static reserve policies are used within security-constrained unit commitment (SCUC) and
security constrained economic dispatch (SCED) to ensure reliability. A common policy is that …

A scenario-oriented approach to energy-reserve joint procurement and pricing

J Shi, Y Guo, L Tong, W Wu… - IEEE Transactions on …, 2022 - ieeexplore.ieee.org
We consider some crucial problems related to the secure and reliable operation of power
systems with high renewable penetrations: how much reserve should we procure, how …

Market implications of short-term reserve deliverability enhancement

F Wang, Y Chen - IEEE Transactions on Power Systems, 2020 - ieeexplore.ieee.org
Midcontinent Independent System Operator (MISO) plans to introduce 30-minute short-term
reserve (STR) to address 30 minutes system flexibility needs. Transmission bottlenecks in …