Market based procurement of energy and ancillary services from Renewable Energy Sources in deregulated environment. (February 2017)

• Record Type: Journal Article
• Authors: Banshwar, Anuj; Sharma, Naveen Kumar; Sood, Yog Raj; Shrivastava, Rajnish
• Is Part Of: Renewable energy. Volume 101(2017)
• Page Start: 1390
• Page End: 1400
• Publication Date: 2017-02
• Subjects: Ancillary services -- Energy market -- Energy procurement cost -- Renewable Power Producers -- Reserve market -- Reserve procurement cost; Renewable energy sources -- Periodicals; Power resources -- Periodicals; Énergies renouvelables -- Périodiques; Ressources énergétiques -- Périodiques; 333.794
• DOI: 10.1016/j.renene.2016.10.017
• Languages: English
• ISSNs: 0960-1481

Abstract

Abstract: An increasing utilization of Renewable Energy Sources (RES) in electricity generation increases the need of Ancillary Services (AS) in power system. This paper proposes a market based approach for participation of Renewable Power Producers (RPP) to clear both energy and AS in day-ahead market under disaggregated framework. This approach is based on sequential clearing of Energy Market (EM) and Ancillary Service Market (ASM) such that the cost of procuring these services is minimized and feasible solution is obtained. This optimization problem is formulated and solved using Optimal Power Flow (OPF) technique which considers all transmission constraints and power flow limits. The AS considered in the present work is limited to Reserves Market (RM) such as Ten Minute Spinning Reserve (TMSR) and Thirty Minute Replacement Reserves (TMRR) only. The ability of RPPs like Wind Power Plant (WPP) and Photo-Voltaic Plant (PVP) with conventional power producers to provide both energy and AS has been demonstrated by considering a modified 7 unit test system. Highlights: This paper proposes market based participation of RPPs in day-ahead clearing of energy & AS in deregulated environment. The paper deals with optimization problem considering various power system constraints. The proposed approach involves minimization of cost associated with procurement of both energy & AS with feasible solution. The practical prices are considered for both conventional and RPPs participation in energy and reserve market.