Utilization of Real-Time Balancing Market for Transmission System Control Under Uncertainty
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21230%2F14%3A00209474" target="_blank" >RIV/68407700:21230/14:00209474 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1109/TPWRS.2012.2228676" target="_blank" >http://dx.doi.org/10.1109/TPWRS.2012.2228676</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1109/TPWRS.2012.2228676" target="_blank" >10.1109/TPWRS.2012.2228676</a>
Alternative languages
Result language
angličtina
Original language name
Utilization of Real-Time Balancing Market for Transmission System Control Under Uncertainty
Original language description
An algorithm facilitating automated purchase of energy on real-time balancing market is proposed in this paper. The main inputs of the algorithm are a prediction of the area control error, its uncertainty in the form of a standard deviation and a set ofpreviously procured ancillary services (contracted power reserves) available for power balance control. The algorithm evaluates all possible power balance scenarios for the closest hour in a probabilistic manner and gives a cost-optimal recommendation for the real-time balancing market demand. A case study on realistic data for the Czech Republic control area was performed by simulation of the power balance control with a Monte Carlo simulator of the Czech transmission system. The results showed potential for savings on the regulation energy costs.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
JE - Non-nuclear power engineering, energy consumption and utilization
OECD FORD branch
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Result continuities
Project
<a href="/en/project/1M0567" target="_blank" >1M0567: Centre for Applied Cybernetics</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
IEEE Transactions on Power Systems
ISSN
0885-8950
e-ISSN
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Volume of the periodical
29
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
8
Pages from-to
450-457
UT code for WoS article
000329035000051
EID of the result in the Scopus database
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