arXiv · 2109.11993
A Scenario-oriented Approach to Multi-period Energy-Reserve Joint Procurement and Pricing
Abstract
In [1], a single-period co-optimization model of energy and reserve is considered to better illustrate the properties of the co-optimization model and the associated market mechanism. To make the discussion more general, in this paper, the single-period co-optimization model (II) in [1] will be extended into a one-shot multi-period co-optimization model, where the coupling of ramping and reserve in multi-period operations will be considered. Also, the multi-period pricing approach and settlement process associated with the multi-period co-optimization model will be discussed. In addition, in case study, the average system total costs of the proposed multi-period model and the multi-period traditional model are compared, and the effectiveness of some market properties in multi-period operation is tested.
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Jiantao Shi, Ye Guo, Lang Tong, Wenchuan Wu, Hongbin Sun. 2021-09-24. A Scenario-oriented Approach to Multi-period Energy-Reserve Joint Procurement and Pricing. https://arxiv.org/abs/2109.11993
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