A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | , , , , , , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://repositorio.inesctec.pt/handle/123456789/4840 http://dx.doi.org/10.1016/j.epsr.2017.07.012 |
Resumo: | In this paper, a new mechanism is proposed to apportion expected reserve costs between electricity market agents in the power system. The uncertainties of generation units, transmission lines, wind power generation and electrical loads are considered in this model. Hence, a Stochastic Unit Commitment (SUC) is used to apply the uncertainty of stochastic variables in the simultaneous energy and reserve market clearing problem. Moreover, electrical customers can participate in the electricity market based on their desired strategies. In this paper, a novel method is proposed to allocate reserve costs between GenCos, TransCos, electrical customers and wind farm owners. Consequently, market agents are responsible for paying a portion of the allocated expected reserve costs based on the economic metrics that are defined for the first,time in this paper. Finally, two cases including a 3-bus test system and IEEE-RTS are utilized to illustrate the performance of the proposed mechanism to share the expected reserve costs. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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7160 |
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A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systemsIn this paper, a new mechanism is proposed to apportion expected reserve costs between electricity market agents in the power system. The uncertainties of generation units, transmission lines, wind power generation and electrical loads are considered in this model. Hence, a Stochastic Unit Commitment (SUC) is used to apply the uncertainty of stochastic variables in the simultaneous energy and reserve market clearing problem. Moreover, electrical customers can participate in the electricity market based on their desired strategies. In this paper, a novel method is proposed to allocate reserve costs between GenCos, TransCos, electrical customers and wind farm owners. Consequently, market agents are responsible for paying a portion of the allocated expected reserve costs based on the economic metrics that are defined for the first,time in this paper. Finally, two cases including a 3-bus test system and IEEE-RTS are utilized to illustrate the performance of the proposed mechanism to share the expected reserve costs.2017-12-22T18:16:45Z2017-01-01T00:00:00Z2017info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://repositorio.inesctec.pt/handle/123456789/4840http://dx.doi.org/10.1016/j.epsr.2017.07.012engShokri Gazafroudi,ASShafie Khah,MAbedi,MHosseinian,SHDehkordi,GHRGoel,LKarimyan,PPrieto Castrillo,FManuel Corchado,JMJoão Catalãoinfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-15T10:20:58Zoai:repositorio.inesctec.pt:123456789/4840Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:53:52.655471Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
title |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
spellingShingle |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems Shokri Gazafroudi,AS |
title_short |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
title_full |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
title_fullStr |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
title_full_unstemmed |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
title_sort |
A novel stochastic reserve cost allocation approach of electricity market agents in the restructured power systems |
author |
Shokri Gazafroudi,AS |
author_facet |
Shokri Gazafroudi,AS Shafie Khah,M Abedi,M Hosseinian,SH Dehkordi,GHR Goel,L Karimyan,P Prieto Castrillo,F Manuel Corchado,JM João Catalão |
author_role |
author |
author2 |
Shafie Khah,M Abedi,M Hosseinian,SH Dehkordi,GHR Goel,L Karimyan,P Prieto Castrillo,F Manuel Corchado,JM João Catalão |
author2_role |
author author author author author author author author author |
dc.contributor.author.fl_str_mv |
Shokri Gazafroudi,AS Shafie Khah,M Abedi,M Hosseinian,SH Dehkordi,GHR Goel,L Karimyan,P Prieto Castrillo,F Manuel Corchado,JM João Catalão |
description |
In this paper, a new mechanism is proposed to apportion expected reserve costs between electricity market agents in the power system. The uncertainties of generation units, transmission lines, wind power generation and electrical loads are considered in this model. Hence, a Stochastic Unit Commitment (SUC) is used to apply the uncertainty of stochastic variables in the simultaneous energy and reserve market clearing problem. Moreover, electrical customers can participate in the electricity market based on their desired strategies. In this paper, a novel method is proposed to allocate reserve costs between GenCos, TransCos, electrical customers and wind farm owners. Consequently, market agents are responsible for paying a portion of the allocated expected reserve costs based on the economic metrics that are defined for the first,time in this paper. Finally, two cases including a 3-bus test system and IEEE-RTS are utilized to illustrate the performance of the proposed mechanism to share the expected reserve costs. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-22T18:16:45Z 2017-01-01T00:00:00Z 2017 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://repositorio.inesctec.pt/handle/123456789/4840 http://dx.doi.org/10.1016/j.epsr.2017.07.012 |
url |
http://repositorio.inesctec.pt/handle/123456789/4840 http://dx.doi.org/10.1016/j.epsr.2017.07.012 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131612645949440 |