Ancillary service markets

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Motamedi, A ; Sharif University of Technology | 2007

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Type of Document: Article
DOI: 10.1109/LESCPE.2007.4437400
Publisher: 2007
Abstract:
Ancillary services are generally referred as those services other than energy that are essential for ensuring reliable operation of electric power systems. This paper discuses different approaches for procuring required ancillary services for power system security. Furthermore, various design options for ancillary service markets are studied. Such markets are typically operated by an independent system operator (ISO). Different characteristics of each design option are also explained in this paper. The two most important factors which will be discussed for each design option are the price reversal phenomenon and total procurement cost. © 2007 IEEE
Keywords:
Costs ; Electric generators ; Electric power systems ; Electric power transmission networks ; Electric utilities ; Plasma waves ; Power transmission ; Voltage control ; Ancillary service markets ; Ancillary services ; Design options ; Electric powers ; Independent System operators ; Market clearing price (MIP) ; Power system securities ; Price reversal ; Procurement costs ; Reliable operations ; Marketing
Source: 2007 Large Engineering Systems Conference on Power Engineering, LESCOPE'07, Montreal, QC, 10 October 2007 through 12 October 2007 ; January , 2007 , Pages 316-320 ; 9781424415830 (ISBN)
URL: https://ieeexplore.ieee.org/document/4437400