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Optimal Dispatch of Energy and Frequency Regulation Reserve Considering Contingency in a Competitive Electricity Market  

Lee, Ki-Song (건국대학교 전기공학과)
Jeong, Yun-Won (건국대학교 전기공학과)
Shin, Joong-Rin (건국대학교 전기공학과)
Chun, Yeong-Han (홍익대학 전자전기공학과)
Park, Jong-Bae (건국대학교 전기공학과)
Publication Information
The Transactions of the Korean Institute of Electrical Engineers A / v.55, no.5, 2006 , pp. 202-213 More about this Journal
Abstract
This paper presents a new approach for optimal dispatch of energy and frequency regulation reserve considering contingency in a competitive electricity market. It is necessary to introduce the reserve market with the spot energy market for operating efficiently and obtaining the security of the electricity market. However, the reserve market is closely connected with the energy market since the energy and reserve are produced from the same resources. Thus, it is inevitable to co-optimize the energy and ancillary service for efficient operation of energy and ancillary service market. Therefore, this paper proposes a new method for optimal dispatch of energy and frequency regulation reserve considering n-1 contingency of generator and transmission line using constraints and sensitivity based on AC power flow To verify the effectiveness of the proposed method, the numerical studies have been performed for 5-bus sample system and modified IEEE 14-bus system.
Keywords
Optimal Dispatch; Frequency Regulation Reserve; Contingency; Ancillary Service;
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