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Joint energy and reserve markets: current implementations and modeling trends

P. González, J. Villar, C.A. Díaz, F.A. Campos

The continuous penetration of intermittent technologies is gradually reinforcing the technical and economic importance of electricity ancillary services, which are responsible for guaranteeing the reliability and security of the power systems. Generation companies?, regulating entities, system operators and other institutions (such as researchers on these fields) are more and more concerned on using market models to forecast most relevant outcomes for particular markets (such as energy and reserves cleared quantities and prices), under different simulation scenarios (such as costs or demand) and under different markets structures (such as more competitive or more oligopolistic). This paper reviews most energy and reserve markets implementations (mainly focusing on reserve types and dispatching methods), and discusses different approaches to model them. A theoretical equilibrium model for energy and reserve markets is also proposed.

Palabras clave: Ancillary services, cooptimization, energy and reserve markets, Nash equilibrium, oligopoly.

Electric Power Systems Research. Volumen: 109 Páginas: 101-111

Índice de impacto JCR y cuartil Scopus: JCR impact factor: 1.749 (2014); 3.022 (2018).

Referencia DOI: DOI icon 10.1016/j.epsr.2013.12.013    

Publicado en papel: Abril 2014. Publicado on-line: Enero 2014.

P. González, J. Villar, C.A. Díaz, F.A. Campos. Joint energy and reserve markets: current implementations and modeling trends. Electric Power Systems Research. vol. 109, pp. 101-111, Abril 2014. [Online: Enero 2014]

    Líneas de investigación:
  • *Planificación táctica a medio plazo
  • *Modelado, Simulación y Optimización
  • *Análisis de estrategia a largo plazo

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