A system operator's utility function for the frequency response market

被引：25
作者：
Greve, Thomas [1 ]
Teng, Fei [2 ]
Pollitt, Michael G. [3 ]
Strbac, Goran [2 ]
机构：
[1] Univ Oxford, Oxford Martin Sch, Oxford, England
[2] Imperial Coll London, Dept Elect & Elect Engn, London, England
[3] Univ Cambridge, Judge Business Sch, Energy Policy Res Grp, Cambridge, England
来源：
APPLIED ENERGY | 2018年 / 231卷
基金：
英国工程与自然科学研究理事会;
关键词：
Utility function; Ancillary services; System operator; Energy storage; VCG mechanism; STORAGE-SYSTEMS; ENERGY; DESIGN;
D O I：
10.1016/j.apenergy.2018.09.088
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
How can the electricity system operator determine the optimal quantity and quality of electricity ancillary services (such as frequency response) to procure in a market increasingly characterized by intermittent renewable electricity generation? The paper presents a system operator's utility function to calculate the exchange rates in monetary values between different frequency response products in the electricity system. We then use the utility function in a two-sided Vickrey-Clarke-Groves (VCG) mechanism combined of two frequency response products enhanced and primary - in the context of the system in Great Britain. This mechanism would allow the market to reveal to the system operator the welfare optimal mix of speed of frequency response and quantity to procure. We show that this mechanism is the efficient way to support new faster sources of frequency response, such as could be provided by grid scale batteries.
引用
收藏
页码：562 / 569
页数：8
相关论文
共 31 条
  • [1] An algorithm for optimal management of aggregated HVAC power demand using smart thermostats
    Adhikari, Rajendra
    Pipattanasomporn, M.
    Rahman, S.
    [J]. APPLIED ENERGY, 2018, 217 : 166 - 177
  • [2] *AEMO, 2017, NON TRADITIONAL REF
  • [3] Optimal Operation of Independent Storage Systems in Energy and Reserve Markets With High Wind Penetration
    Akhavan-Hejazi, Hossein
    Mohsenian-Rad, Hamed
    [J]. IEEE TRANSACTIONS ON SMART GRID, 2014, 5 (02) : 1088 - 1097
  • [4] [Anonymous], PROD ROADM FREQ RESP
  • [5] [Anonymous], SIMPLE INTRO EC STOR
  • [6] [Anonymous], 1994, POWER SYSTEM STABILI
  • [7] [Anonymous], SYST NEEDS PROD STRA
  • [8] [Anonymous], 2009, Auction Theory
  • [9] Ausubel L. M., 2002, FRONTIERS THEORETICA, V1, P1, DOI [10.2202/1534-5963.1019, DOI 10.2202/1534-5955.1019]
  • [10] Ausubel L.M., 2006, COMBINATORIAL AUCTIO, P115
1234