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Procuring and pricing performance-based frequency regulation services in the electricity market
Department of Electrical and Electronic Engineering, The University of Hong Kong.
Luleå University of Technology, Department of Engineering Sciences and Mathematics, Energy Science.
2017 (English)In: IET Generation, Transmission & Distribution, ISSN 1751-8687, E-ISSN 1751-8695, Vol. 11, no 10, p. 2633-2642Article in journal (Refereed) Published
Abstract [en]

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. © The Institution of Engineering and Technology.

Place, publisher, year, edition, pages
2017. Vol. 11, no 10, p. 2633-2642
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Research subject
Electric Power Engineering
Identifiers
URN: urn:nbn:se:ltu:diva-65097DOI: 10.1049/iet-gtd.2016.1823ISI: 000406491200021Scopus ID: 2-s2.0-85026674976OAI: oai:DiVA.org:ltu-65097DiVA, id: diva2:1133286
Note

Validerad; 2017; Nivå 2; 2017-08-15 (andbra)

Available from: 2017-08-15 Created: 2017-08-15 Last updated: 2018-07-10Bibliographically approved

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Zhong, Jin

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