{"title":"Procuring and pricing performance-based frequency regulation services in the electricity market","authors":"Zhongwei Wang, Jin Zhong","doi":"10.1049/iet-gtd.2016.1823","DOIUrl":null,"url":null,"abstract":"<div>\n <p>This study presents a market model that procures energy and performance-based regulation services simultaneously considering the participation of energy storage devices. The correlations of energy, regulation capacity, and regulation mileage are explicitly demonstrated. The proposed market model determines the energy schedule of generation units, charging and discharging profiles of energy storage devices, and the schedule of regulation services. Market clearing prices for energy, regulation capacity, and regulation mileage are derived and decomposed through Lagrange multiplier analysis. The relationships between the clearing prices of different market products are analysed. The proposed market model is tested and verified with the IEEE 30-bus system.</p>\n </div>","PeriodicalId":13261,"journal":{"name":"Iet Generation Transmission & Distribution","volume":"11 10","pages":"2633-2642"},"PeriodicalIF":2.6000,"publicationDate":"2017-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1049/iet-gtd.2016.1823","citationCount":"11","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Iet Generation Transmission & Distribution","FirstCategoryId":"5","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1049/iet-gtd.2016.1823","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENGINEERING, ELECTRICAL & ELECTRONIC","Score":null,"Total":0}
引用次数: 11
Abstract
This study presents a market model that procures energy and performance-based regulation services simultaneously considering the participation of energy storage devices. The correlations of energy, regulation capacity, and regulation mileage are explicitly demonstrated. The proposed market model determines the energy schedule of generation units, charging and discharging profiles of energy storage devices, and the schedule of regulation services. Market clearing prices for energy, regulation capacity, and regulation mileage are derived and decomposed through Lagrange multiplier analysis. The relationships between the clearing prices of different market products are analysed. The proposed market model is tested and verified with the IEEE 30-bus system.
期刊介绍：
IET Generation, Transmission & Distribution is intended as a forum for the publication and discussion of current practice and future developments in electric power generation, transmission and distribution. Practical papers in which examples of good present practice can be described and disseminated are particularly sought. Papers of high technical merit relying on mathematical arguments and computation will be considered, but authors are asked to relegate, as far as possible, the details of analysis to an appendix.
The scope of IET Generation, Transmission & Distribution includes the following:
Design of transmission and distribution systems
Operation and control of power generation
Power system management, planning and economics
Power system operation, protection and control
Power system measurement and modelling
Computer applications and computational intelligence in power flexible AC or DC transmission systems
Special Issues. Current Call for papers:
Next Generation of Synchrophasor-based Power System Monitoring, Operation and Control - https://digital-library.theiet.org/files/IET_GTD_CFP_NGSPSMOC.pdf
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