Journal
IEEE TRANSACTIONS ON SUSTAINABLE ENERGY
Volume 9, Issue 2, Pages 916-929Publisher
IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
DOI: 10.1109/TSTE.2017.2766088
Keywords
Bulk energy storages; demand response; flexible ramp market; plug-in electric vehicles; wind energy
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To deal with high variability of stochastic market operations and with the aim of assuring a feasible and economic operation under high renewable energy sources penetration, in this paper two applicable solutions are proposed: 1) the incorporation into the electricity market of emerging flexible resources, including demand response, bulk energy storages, and plug-in electric vehicle parking Lots considering their own specific characteristics; and 2) a new flexible ramp market in order to cope with sudden variations and guarantee the rampability of reserve capacity provided by a generation portfolio. On this basis, an integrated stochastic day-ahead market clearing model has been developed to solve the energy, reserve, and flexible ramp scheduling considering a real-time power balance problem, reflecting the 5 min.-by-5 min. renewable energy source and demand changes. Numerical tests are conducted on a modified IEEERTS 24-bus and the obtained results validate the applicability of proposed model.
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