Optimal Procurement of Contingency and Load Following Reserves by Demand Side Resources Under Wind-Power Generation Uncertainty
Nikolaos G. Paterakis, Eindhoven University of Technology, Eindhoven, The Netherlands
Abstract
System operators must consider events that cause disturbances in the balance between the output of the generators and the load demand in their short-term operations. Transmission line failures, generating unit outages, and intrahour load deviations are such events. The means of confronting them is the scheduling and the deployment of reserves on a market basis. On top of these factors, the increasing penetration of renewables and especially wind-power generation has increased the frequency of deployment and the ...
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