Optimal reserve capacity allocation with consideration of customer reliability requirements

An algorithm for determining optimal reserve capacity in a power market is presented in this paper. Optimization process in the proposed algorithm is based on the cost-benefit trade off. Market clearance is executed with consideration of uncertainties of power system components in an aggregated envi...

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Veröffentlicht in:	Energy (Oxford) 2010-09, Vol.35 (9), p.3883-3890
Hauptverfasser:	Najafi, M., Ehsan, M., Fotuhi-Firuzabad, M., Akhavein, A., Afshar, K.
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Applied sciences Computer simulation Cost-benefit trade off Economic data Electric energy Energy Energy economics Exact sciences and technology Flexible Value of Lost Load (FVOLL) General, economic and professional studies Interruptible Loads (ILs) Marketing Markets Methodology. Modelling Monte Carlo methods Optimal reserve capacity Optimization Outages Reliability requirements Reserve capacity Stochastic capacity allocation
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