no code implementations • 16 Jul 2021 • Jiantao Shi, Ye Guo, Lang Tong, Wenchuan Wu, Hongbin Sun
We consider some crucial problems related to the secure and reliable operation of power systems with high renewable penetrations: how much reserve should we procure, how should reserve resources distribute among different locations, and how should we price reserve and charge uncertainty sources.
no code implementations • 24 Sep 2021 • Jiantao Shi, Ye Guo, Lang Tong, Wenchuan Wu, Hongbin Sun
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.
no code implementations • 8 Aug 2023 • Jiantao Shi, Ye Guo, Wenchuan Wu, Hongbin Sun
In this paper, the intra-day multi-interval rolling-window joint dispatch and pricing of energy and reserve is studied under increasing volatile and uncertain renewable generations.
no code implementations • 24 Dec 2023 • Wenli Wu, Ye Guo, Jiantao Shi
Potential generator outages and deviations in renewable and load power are modelled through a given number of probability-weighted scenarios.
