Electric Power Components and Systems, ( ISI ), Volume (39), No (7), Year (2011-1) , Pages (660-679)

Title : ( Analysis of Interaction between Energy-Spinning Reserve and Replacement Reserve Markets )

Authors: Mohammad Farshad , Habib Rajabi Mashhadi , Javad Sadeh ,

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In the competitive environment of power industry, analysis of interactions among different markets is useful for market policy makers to gain access to desirable designs and rules. In this paper, the energy and spinning reserve markets are considered as an integrated structure and a novel index called Interaction Factor is introduced to quantitatively analyze the interaction between the energyspinning reserve and replacement reserve markets. A Monte Carlo simulation method is applied on a study system to examine the interaction between the markets in different design models related to market clearing and payment rules. The results of simulations considering different load levels are illustrated and the interaction between the studied markets is quantitatively discussed. The observations indicate some significant influences of the different market design models and the system load levels on the interactions between the studied arkets.

Keywords

, energy market, reserve market, interaction analysis, pay-as-bid pricing, uniform pricing, simultaneous optimization, sequential
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@article{paperid:1018650,
author = {Farshad, Mohammad and Rajabi Mashhadi, Habib and Sadeh, Javad},
title = {Analysis of Interaction between Energy-Spinning Reserve and Replacement Reserve Markets},
journal = {Electric Power Components and Systems},
year = {2011},
volume = {39},
number = {7},
month = {January},
issn = {1532-5008},
pages = {660--679},
numpages = {19},
keywords = {energy market; reserve market; interaction analysis; pay-as-bid pricing; uniform pricing; simultaneous optimization; sequential optimization},
}

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%0 Journal Article
%T Analysis of Interaction between Energy-Spinning Reserve and Replacement Reserve Markets
%A Farshad, Mohammad
%A Rajabi Mashhadi, Habib
%A Sadeh, Javad
%J Electric Power Components and Systems
%@ 1532-5008
%D 2011

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