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

doi:10.1109/EEM.2016.7521277

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

Electrical Energy Systems

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

5 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 language	English
Title of host publication	2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal
Place of Publication	Piscataway
Publisher	IEEE Computer Society
Number of pages	5
Volume	2016
ISBN (Electronic)	9781509012978
DOIs	https://doi.org/10.1109/EEM.2016.7521277
Publication status	Published - 25 Jul 2016
Event	13th International Conference on the European Energy Market (EEM 2016) - Porto, Portugal Duration: 6 Jun 2016 → 9 Jun 2016 Conference number: 13

Conference

Conference	13th International Conference on the European Energy Market (EEM 2016)
Abbreviated title	EEM 2016
Country/Territory	Portugal
City	Porto
Period	6/06/16 → 9/06/16

Keywords

AC power flow
ancillary services
reactive power
stochastic programming
wind power

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10.1109/EEM.2016.7521277

Cite this

Farrokhseresht, M., Paterakis, N. G., & Gibescu, M. (2016). Joint day-ahead clearing of energy, active and reactive power reserves for systems with significant RES-related uncertainty. In 2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal (Vol. 2016). Article 7521277 IEEE Computer Society. https://doi.org/10.1109/EEM.2016.7521277

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Farrokhseresht, M, Paterakis, NG & Gibescu, M 2016, Joint day-ahead clearing of energy, active and reactive power reserves for systems with significant RES-related uncertainty. in 2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal . vol. 2016, 7521277, IEEE Computer Society, Piscataway, 13th International Conference on the European Energy Market (EEM 2016), Porto, Portugal, 6/06/16. https://doi.org/10.1109/EEM.2016.7521277

Joint day-ahead clearing of energy, active and reactive power reserves for systems with significant RES-related uncertainty. / Farrokhseresht, M.; Paterakis, N.G.; Gibescu, M.
2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal . Vol. 2016 Piscataway: IEEE Computer Society, 2016. 7521277.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Paterakis, N.G.

AU - Gibescu, M.

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N2 - 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.

AB - 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.

KW - AC power flow

KW - ancillary services

KW - reactive power

KW - stochastic programming

KW - wind power

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VL - 2016

BT - 2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal

PB - IEEE Computer Society

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T2 - 13th International Conference on the European Energy Market (EEM 2016)

Y2 - 6 June 2016 through 9 June 2016

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Farrokhseresht M, Paterakis NG, Gibescu M. Joint day-ahead clearing of energy, active and reactive power reserves for systems with significant RES-related uncertainty. In 2016 13th International Conference on the European Energy Market (EEM 2016), 6-9 June 2016, Porto, Portugal . Vol. 2016. Piscataway: IEEE Computer Society. 2016. 7521277 doi: 10.1109/EEM.2016.7521277

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

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