Optimal activation of regulating bids to handle bottlenecks in power system operation
2012 (English)In: Electric power systems research, ISSN 0378-7796, E-ISSN 1873-2046, Vol. 83, no 1, 151-159 p.Article in journal (Refereed) Published
In this article we investigate how to optimally activate regulating bids to handle bottlenecks in power system operation. This will lead to an optimal stopping problem, and activation of a regulating bid is to be performed when the transfer through a specific system bottleneck reaches a certain value. Compared to previous research in the area the work presented in this article includes a more detailed model of the structure of the regulating market, and reaction times of actors on the regulating market is taken into consideration. The emphasis of the presentation will be application to a two area test system. The method is compared to Monte Carlo simulation in a numerical example. The example shows a promising result for the suggested method.
Place, publisher, year, edition, pages
2012. Vol. 83, no 1, 151-159 p.
Research subject Physics, Electrotechnology
IdentifiersURN: urn:nbn:se:lnu:diva-61547DOI: 10.1016/j.epsr.2011.10.015ISI: 000300129700019OAI: oai:DiVA.org:lnu-61547DiVA: diva2:1083506