1963
DOI: 10.1109/tpas.1963.291390
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Application of Probability Methods to the Determination of Spinning Reserve Requirements for the Pennsylvania-New Jersey-Maryland Interconnection

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Cited by 142 publications
(88 citation statements)
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“…The first group, the so-called reserve adjustment method, is widely used in today's power industry. Much of research along this vein, including [1]- [4], has focused on analyzing the levels of reserve requirements based on deterministic criteria, such as loss of the largest generator or system import change. Such an approach is easy to implement in practice.…”
mentioning
confidence: 99%
“…The first group, the so-called reserve adjustment method, is widely used in today's power industry. Much of research along this vein, including [1]- [4], has focused on analyzing the levels of reserve requirements based on deterministic criteria, such as loss of the largest generator or system import change. Such an approach is easy to implement in practice.…”
mentioning
confidence: 99%
“…The idea behind using probabilistic criteria for spinning reserve provision is not entirely new [5]. Two methodologies designated respectively statistic-based (performing statistical analysis and without solving the optimization problem) and optimization-based (along with solving the optimization problem) can be employed in the probabilistic reserve provision.…”
Section: B Literature Review and Contributionmentioning
confidence: 99%
“…One of the first studies in which a optimization-based probabilistic technique was used for an implicit spinning reserve assessment is due to Guy [8]. He used the PJM method proposed in [5] for economic scheduling of generating units, based on the principle that it satisfies a predefined risk target. Later, several authors, e.g., [9]- [11] and [12], used an iterative approach to incorporate the risk criteria into the reserve provision problem.…”
Section: B Literature Review and Contributionmentioning
confidence: 99%
“…The first probabilistic approach to determine capacity of reserve was PJM method which was proposed in 1963 [2]. In PJM method, forced outage rate (FOR) of generation unit is considered in determination of reserve capacity requirement.…”
Section: Introductionmentioning
confidence: 99%