Joint day-ahead clearing of energy, active and reactive power reserves for systems with significant RES-related uncertainty

M. Farrokhseresht, N.G. Paterakis, M. Gibescu

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

4 Citations (Scopus)
4 Downloads (Pure)

Abstract

A two-stage stochastic optimization problem is proposed in order to model a day-ahead market in which energy, as well as active and reactive power reserves are jointly scheduled, in the presence of significant uncertain wind power production. In addition, a second order conic programming based AC power flow formulation is used, in order to take into account the active and reactive power losses while maintaining computational efficiency. The energy providers are compensated both in terms of availability payments for scheduling active power reserves and energy payments for actual reserve deployment. Simulations performed on the IEEE 24-bus system are presented and the impact of reactive power requirements on energy, active power reserves and wind integration are discussed.

Original languageEnglish
Title of host publication2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal
Place of PublicationPiscataway
PublisherIEEE Computer Society
Number of pages5
Volume2016
ISBN (Electronic)9781509012978
DOIs
Publication statusPublished - 25 Jul 2016
Event13th International Conference on the European Energy Market (EEM 2016) - Porto, Portugal
Duration: 6 Jun 20169 Jun 2016
Conference number: 13

Conference

Conference13th International Conference on the European Energy Market (EEM 2016)
Abbreviated titleEEM 2016
Country/TerritoryPortugal
CityPorto
Period6/06/169/06/16

Keywords

  • AC power flow
  • ancillary services
  • reactive power
  • stochastic programming
  • wind power

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