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Co-optimization of Energy and Reserve with Incentives to Wind Generation: Case Study

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  • Yves Smeers
  • Sebastian Martin
  • Jose A. Aguado

Abstract

This case study presents an analysis and quantification of the impact of the lack of co-optimization of energy and reserve in the presence of high penetration of wind energy. The methodology is developed in a companion paper, Part I. Two models, with and without co-optimization are confronted. The modeling of reserve and the incentive to renewable as well as the calibration of the model are inspired by the Spanish market. A sensitivity analysis is performed on configurations that differ by generation capacity, ramping capability, and market parameters (available wind, Feed in Premium to wind, generators risk aversion, and reserve requirement). The models and the case study are purely illustrative but the methodology is general.

Suggested Citation

  • Yves Smeers & Sebastian Martin & Jose A. Aguado, 2021. "Co-optimization of Energy and Reserve with Incentives to Wind Generation: Case Study," Papers 2107.09636, arXiv.org.
  • Handle: RePEc:arx:papers:2107.09636
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    File URL: http://arxiv.org/pdf/2107.09636
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    Cited by:

    1. Luigi Viola & Saeed Nordin & Daniel Dotta & Mohammad Reza Hesamzadeh & Ross Baldick & Damian Flynn, 2023. "Ancillary Services in Power System Transition Toward a 100% Non-Fossil Future: Market Design Challenges in the United States and Europe," Papers 2311.02090, arXiv.org.
    2. David P. Brown & Andrew Eckert & Douglas Silveira, 2023. "Strategic interaction between wholesale and ancillary service markets," Competition and Regulation in Network Industries, , vol. 24(4), pages 174-198, December.

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