Incorporating Short-Term Stored Energy Resource into MISO Energy and Ancillary Service Market and Development of Performance-Based Regulation Payment
Yonghong Chen; Marc Keyser; Matthew H. Tackett; Ryan Leonard; Joe Gardner Midcontinent Independent System Operator, Inc. (MISO) Carmel, IN, USA 46032
Abstract
This chapter analyzes various approaches to incorporate short-term stored energy resources (SERs) into MISO co-optimized energy and ancillary service market. Based on analysis, the best approach is to utilize short-term storage energy resources for regulating reserve with the real-time energy dispatch of the SERs to be set in such a way that the maximum regulating reserve on SERs can be cleared. It also introduces the implementation ...
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