Title :
Spinning reserve allocation using game theory
Author :
Petrichenko, Roman ; Sauhats, Antans ; Chuvychin, Vladimir
Author_Institution :
Fac. of Electr. & Power Eng., Riga Tech. Univ., Riga, Latvia
Abstract :
This paper presents a method of dynamic allocation of the primary power reserve among frequency regulation´s participants. Cooperative game theory approach is used for analysis of spinning reserve application. Technical and economical aspects of the issue are observed. Mathematical model of automation used for selection of optimal sharing of profit among participants was built.
Keywords :
game theory; power system economics; smart power grids; cooperative game theory approach; frequency regulation participants; game theory; mathematical model; optimal profit sharing; primary power reserve dynamic allocation; smart grid; spinning reserve allocation method; Frequency control; Mathematical model; Optimization; Power generation; Power systems; Resource management; Spinning; Power systems; active power; game theory; optimization; smart grid;
Conference_Titel :
PowerTech (POWERTECH), 2013 IEEE Grenoble
Conference_Location :
Grenoble
DOI :
10.1109/PTC.2013.6652192
