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Determining Operating Reserve Requirement in a Competitive Market Using Dynamic Approach

Sunkyo Kim 1, Jongsam Lim 1, Rakhyun Kim 1, Dongwon Kim 1, and Jaehee Lee 2
1. Korea Electric Power Corporation Economy & Management Research Institute, Naju, Korea
2. Gwangju University, Gwangju, Korea

Abstract—Operating reserve is essential for system operator to maintain reliable operation of power system in real time. Traditionally, static approaches are used to establish the required capacity for operating reserves. A novel method is suggested in this paper by considering interrelation between secondary, tertiary reserve and load shedding to determine operating reserve requirement. The first part of this paper explains the basic concept of frequency control. Then new method to determine operating reserve requirement is supposed with consideration of interrelationship among different reserves under a simultaneous co-optimization scheme of various ancillary services.

Index Terms—operating reserve, reserve requirement, primary control, secondary control, tertiary control, simultaneous scheme

Cite: Sunkyo Kim, Jongsam Lim, Rakhyun Kim, Dongwon Kim, and Jaehee Lee, "Determining Operating Reserve Requirement in a Competitive Market Using Dynamic Approach," International Journal of Electrical Energy, Vol. 4, No. 1, pp. 75-78, March 2016. doi: 10.18178/ijoee.4.1.75-78

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