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Market based procurement of energy and ancillary services from Renewable Energy Sources in deregulated environment

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  • Banshwar, Anuj
  • Sharma, Naveen Kumar
  • Sood, Yog Raj
  • Shrivastava, Rajnish

Abstract

An increasing utilization of Renewable Energy Sources (RES) in electricity generation increases the need of Ancillary Services (AS) in power system. This paper proposes a market based approach for participation of Renewable Power Producers (RPP) to clear both energy and AS in day-ahead market under disaggregated framework. This approach is based on sequential clearing of Energy Market (EM) and Ancillary Service Market (ASM) such that the cost of procuring these services is minimized and feasible solution is obtained. This optimization problem is formulated and solved using Optimal Power Flow (OPF) technique which considers all transmission constraints and power flow limits. The AS considered in the present work is limited to Reserves Market (RM) such as Ten Minute Spinning Reserve (TMSR) and Thirty Minute Replacement Reserves (TMRR) only. The ability of RPPs like Wind Power Plant (WPP) and Photo-Voltaic Plant (PVP) with conventional power producers to provide both energy and AS has been demonstrated by considering a modified 7 unit test system.

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  • Banshwar, Anuj & Sharma, Naveen Kumar & Sood, Yog Raj & Shrivastava, Rajnish, 2017. "Market based procurement of energy and ancillary services from Renewable Energy Sources in deregulated environment," Renewable Energy, Elsevier, vol. 101(C), pages 1390-1400.
    • Handle: RePEc:eee:renene:v:101:y:2017:i:c:p:1390-1400
    DOI: 10.1016/j.renene.2016.10.017
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    3. Banshwar, Anuj & Sharma, Naveen Kumar & Sood, Yog Raj & Shrivastava, Rajnish, 2019. "Market-based participation of energy storage scheme to support renewable energy sources for the procurement of energy and spinning reserve," Renewable Energy, Elsevier, vol. 135(C), pages 326-344.
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    5. Ming, Bo & Liu, Pan & Guo, Shenglian & Zhang, Xiaoqi & Feng, Maoyuan & Wang, Xianxun, 2017. "Optimizing utility-scale photovoltaic power generation for integration into a hydropower reservoir by incorporating long- and short-term operational decisions," Applied Energy, Elsevier, vol. 204(C), pages 432-445.
    6. Banshwar, Anuj & Sharma, Naveen Kumar & Sood, Yog Raj & Shrivastava, Rajnish, 2017. "Real time procurement of energy and operating reserve from Renewable Energy Sources in deregulated environment considering imbalance penalties," Renewable Energy, Elsevier, vol. 113(C), pages 855-866.
    7. Banshwar, Anuj & Sharma, Naveen Kumar & Sood, Yog Raj & Shrivastava, Rajnish, 2018. "An international experience of technical and economic aspects of ancillary services in deregulated power industry: Lessons for emerging BRIC electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 774-801.
    8. Alfredo Bartolozzi & Salvatore Favuzza & Mariano Giuseppe Ippolito & Diego La Cascia & Eleonora Riva Sanseverino & Gaetano Zizzo, 2017. "A New Platform for Automatic Bottom-Up Electric Load Aggregation," Energies, MDPI, vol. 10(11), pages 1-24, October.
    9. Jun Dong & Dongran Liu & Xihao Dou & Bo Li & Shiyao Lv & Yuzheng Jiang & Tongtao Ma, 2021. "Key Issues and Technical Applications in the Study of Power Markets as the System Adapts to the New Power System in China," Sustainability, MDPI, vol. 13(23), pages 1-29, December.
    10. Viktorija Bobinaite & Artjoms Obushevs & Irina Oleinikova & Andrei Morch, 2018. "Economically Efficient Design of Market for System Services under the Web-of-Cells Architecture," Energies, MDPI, vol. 11(4), pages 1-29, March.
    11. Tsai, Chen-Hao, 2021. "Operating reserves in the three most windy U.S. power markets: A technical review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    12. Hugo Algarvio & Fernando Lopes & António Couto & Ana Estanqueiro, 2019. "Participation of wind power producers in day‐ahead and balancing markets: An overview and a simulation‐based study," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 8(5), September.
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