Abstract:Flexible ramping products are designed to compensate the variability and uncertainty of load and intermittent generation. Since their market implementation by the California Independent System Operator (CAISO) and Midcontinent System Operator (MISO), flexible ramping products have garnered much attention. However, it is still unclear how to best formulate wind power plants' participation in the ramping requirement. This paper investigates different wind ramping product formulations and increasing wind power pe… Show more
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