An Approach to Divide Wind Power Capacity Between Day-Ahead Energy and Intraday Reserve Power Markets

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Abstract

Wind power producers have recently gained a significant penetration in the electric power network, which might cause some challenges for the system operation due to the uncertainties in the generated power. In this way, wind power owners may offer different services, such as providing reserve capacity besides their conventional role of delivering just energy. Currently, conventional generators are the main responsible for providing some reserve in case of uncertainty in renewable generation and demand changes. Therefore, this article introduces a novel approach that allows wind power producers to participate in both energy and reserve markets alongside conventional generators. A two-stage stochastic programming model is deployed for this purpose and the proposed approach is examined on the IEEE RTS 24-bus. The simulation results demonstrate that for ensuring a higher level of reliability by the suggested scheme, both conventional generators and wind power producers will receive more revenue in both markets, although the demands should pay more.
Original languageEnglish
Number of pages12
JournalIEEE Systems Journal
Early online dateOct 2020
DOIs
Publication statusE-pub ahead of print - Oct 2020
MoE publication typeA1 Journal article-refereed

Keywords

  • Wind power producers
  • Energy market
  • Optimization programming
  • Reserve market

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