RT Journal Article
T1 Co-optimization of Energy and Reserve with Incentives to Wind Generation.
A1 Smeers, Yves
A1 Martín-Rivas, Sebastián
A1 Aguado-Sánchez, José Antonio
K1 Recursos energéticos renovables
K1 Modelos matemáticos
K1 Métodos de simulación
AB Transitioning from fossil fuel dominated power systems to high penetrations of intermittent renewable generation is affecting classical electricity market designs. Here, a method is proposed to model and assess the absence of co-optimization of energy and reserve that prevails in the European system. Co-optimization is formulated through an optimization problem (COM), and its absence as an equilibrium problem (EQM) built on Karush-Kuhn-Tucker conditions of agents’ optimization and market clearing equations. EQM cannot be reformulated as a single optimization problem. Market distortions are identified by comparing the complementarity conditions of both models. These are then discussed on system with Feed in Premium to wind generation. Parameters in the models allow to represent different market configurations regarding: available wind generation, Feed in Premium to wind, generators’ risk aversion, and required reserve from wind generation.
PB IEEE Power & Energy Society (PES)
YR 2021
FD 2021-09-21
LK https://hdl.handle.net/10630/41134
UL https://hdl.handle.net/10630/41134
LA eng
NO Y. Smeers, S. Martin and J. A. Aguado, "Co-optimization of Energy and Reserve With Incentives to Wind Generation," in IEEE Transactions on Power Systems, vol. 37, no. 3, pp. 2063-2074, May 2022, doi: 10.1109/TPWRS.2021.3114376.
NO https://openpolicyfinder.jisc.ac.uk/id/publication/3558?from=single_hit
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 25 ene 2026