Optimal activation of regulating bids to handle bottlenecks in power system operation
2012 (English)In: Electric power systems research, ISSN 0378-7796, 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 inpower system operation. This will lead to an optimal stopping problem, and activation of aregulating bid is to be performed when the transfer through a specific system bottleneck reachesa certain value. Compared to previous research in the area the work presented in this articleincludes a more detailed model of the structure of the regulating market, and reaction times ofactors on the regulating market is taken into consideration. The emphasis of the presentation willbe application to a two area test system. The method is compared to Monte Carlo simulation ina 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.
Net transfer capacity, stochastic nodal loading, reliability, optimal stopping
Other Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-41983DOI: 10.1016/j.epsr.2011.10.015ISI: 000300129700019ScopusID: 2-s2.0-84355162729OAI: oai:DiVA.org:kth-41983DiVA: diva2:445737
QC 201203302011-10-042011-10-042013-04-16Bibliographically approved