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Developing new participation model of thermal generating units in flexible ramping market

Khoshjahan, M ; Sharif University of Technology | 2019

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  1. Type of Document: Article
  2. DOI: 10.1049/iet-gtd.2018.6244
  3. Publisher: Institution of Engineering and Technology , 2019
  4. Abstract:
  5. Uncertainty and variability in the supply sector of renewable-penetrated power systems is becoming a new challenge for secure operation of these systems which if not responded properly may cause large amounts of load and supply curtailments. To meet this challenge, some ISOs recently have employed a new product named Flexible Ramping Product (FRP) into their markets which enhances the capability of the system to overcome such uncertainties by reserving additional ramp rates. In this regard, a new framework for implementing FRP in real-time market is proposed here. The proposed framework provides a proper opportunity for participation of thermal generating units in procuring FRP requirements. The developed model is implemented on the IEEE-118 bus test system and simulation results demonstrate significant effectiveness of this mechanism in reducing load and supply curtailments and run the electricity market more efficiently. © The Institution of Engineering and Technology
  6. Keywords:
  7. Power generation economics ; Commerce ; Power markets ; Thermoelectric power plants ; Bus test systems ; Developed model ; Power generation dispatch ; Real-time market ; Thermal generating units ; Thermal power stations ; Uncertainty and variability ; Electric load dispatching
  8. Source: IET Generation, Transmission and Distribution ; Volume 13, Issue 11 , 2019 , Pages 2216-2225 ; 17518687 (ISSN)
  9. URL: https://ieeexplore.ieee.org/document/8746881