The provision of power and grid services requires the co-ordination between Day-Ahead Market (DAM) and Ancillary Service Market (ASM) to attain reserve services and technically feasible operating conditions for market players and for the network. In this context, this work proposes a multi-stage approach to evaluate the dispatched power to balance the forecast updates of renewable energy sources and load from DAM to ASM, taking into account network and Unit Commitment (UC) constraints. The DAM is solved considering a zonal market framework and neglecting the UC constraints. Then, a mechanism to adjust the ASM bids is developed, defining time-varying costs for each regulation. Finally, the ASM is modelled as a network-constrained UC and economic redispatch (NCUCER) optimization problem, aiming at minimizing the overall cost, in order to procure secondary reserve requirement and to adjust the DAM schedules, taking into account network and UC constraints and balancing forecast updates. DC load flow sensitivity factors are exploited to evaluate the influence of redispatch actions and forecast updates on the observed power flow. This procedure is applied to NREL 118-Bus Test System assessing its performances throughout a yearly time horizon.
Cometa et al. (Fri,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: