Romanian proposal for the establishment of a power reserve market

Ionescu, Victor; Cernat, A.

doi:10.1109/ptc.2003.1304775

Cited by 1 publication

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“…Ref. [34] shows that the power sector characteristic and features are common to all the countries in the area of study and that the implementation of free market mechanisms gives rise to new problems for the restructuring process.…”

Section: A Survey In Previous Publications Of Reserve Marketsmentioning

confidence: 99%

A secondary option market design for reserve procurement by renewable energy sources

Ghaffari¹

2023

Preprint

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Wind power generation is uncertain and intermittent accentuating variability. Currently in many power systems worldwide, the total generation-load unbalance caused by mismatch between forecast and actual wind power output is handled by automatic governor control and real-time 5-minute balancing markets, which are operated by the independent system operators for maintaining reliable operation of power systems. Mechanisms such as automatic governor control and real-time 5-minute balancing markets are in place to correct the mismatch between the load forecast and the actual load. They are not designed to address increased uncertainty and variability introduced by large-scale wind power or solar power generation expected in the future. Thus, large-scale wind power generation with increased uncertainty and intermittency causing variability poses a techno-economic challenge of sourcing least cost load balancing services (reserve).

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Section: A Survey In Previous Publications Of Reserve Marketsmentioning

confidence: 99%

A secondary option market design for reserve procurement by renewable energy sources

Ghaffari¹

2023

Preprint

View full text Add to dashboard Cite

show abstract

Romanian proposal for the establishment of a power reserve market

Cited by 1 publication

References 2 publications

A secondary option market design for reserve procurement by renewable energy sources

A secondary option market design for reserve procurement by renewable energy sources

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