Title :
Ancillary Service Markets
Author :
Motamedi, Amir ; Fotuhi-Firuzabad, Mahmud
Author_Institution :
Sharif Univ. of Technol., Tehran
Abstract :
Ancillary services are generally referred as those services other than energy that are essential for ensuring reliable operation of electric power systems. This paper discusses different approaches for procuring required ancillary services for power system security. Furthermore, various design options for ancillary service markets are studied. Such markets are typically operated by an independent system operator (ISO). Different characteristics of each design option are also explained in this paper. The two most important factors which will be discussed for each design option are the price reversal phenomenon and total procurement cost.
Keywords :
power markets; power system economics; power system reliability; power system security; pricing; ancillary service markets; electric power systems; independent system operator; power system security; price reversal phenomenona; reliable operation; total procurement cost; Constraint optimization; Costs; Delay; ISO; Power system reliability; Power system security; Power systems; Procurement; Spinning; Surveillance; Ancillary service markets; Market clearing price (MIP); Price reversal;
Conference_Titel :
Power Engineering, 2007 Large Engineering Systems Conference on
Conference_Location :
Montreal, Que.
Print_ISBN :
978-1-4244-1583-0
Electronic_ISBN :
978-1-4244-1583-0
DOI :
10.1109/LESCPE.2007.4437400
