Systematic design of market-based balancing arrangements for deregulated power systems: An asynchronous solution

Verberk, J. and Hermans, R.M. and Bosch, P.P.J. van den and Jokić, Andrej and Frunt, J. (2011) Systematic design of market-based balancing arrangements for deregulated power systems: An asynchronous solution. = Systematic design of market-based balancing arrangements for deregulated power systems: An asynchronous solution. In: 2011 IEEE PES Trondheim PowerTech: The Power of Technology for a Sustainable Society, POWERTECH 2011, 19.-23.07.2011., Trondheim, Norveška.

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Systematic design of market-based balancing arrangements for deregulated power systems - An asynchronous solution.pdf - Published Version Jezik dokumenta:English

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Official URL: https://doi.org/10.1109/PTC.2011.6019346

Abstract

In the deregulated electrical energy market, network operators have to provide market participants with appropriate incentives to guarantee stable operation of the power grid. We demonstrate that the current synchronous energy-based market and incentive system do not necessarily induce power exchange profiles that contribute to grid stability and security of supply. State-of-the-art solutions for tackling the inconsistency between energy-based market mechanisms and power-related balancing objectives can decrease freedom of trade or increase market complexity. This paper provides an alternative scheduling concept as a means to overcome this issue, which relies on asynchronous settlement of energy transactions. We show that in this way, grid operation can become more robust and the strain on balancing reserves can be reduced considerably.

Item Type: Conference or Workshop Item (Lecture)
Keywords (Croatian): electrical energy market; reliability; balancing reserves
Subjects: TECHNICAL SCIENCE > Electrical Engineering
TECHNICAL SCIENCE > Basic technical sciences
SOCIAL SCIENCES > Economy
Divisions: 900 Department of Robotics and Production System Automation > 910 Chair of Engineering Automation
Indexed in Web of Science: No
Indexed in Current Contents: No
Date Deposited: 24 Apr 2017 08:25
Last Modified: 19 Nov 2018 16:00
URI: http://repozitorij.fsb.hr/id/eprint/7712

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