RTO Frequency Regulation Market Clearing Formulations and the Effect of Opportunity Costs on Electricity Prices

Autor:	Brooks, Adria E., Lesieutre, Bernard C.
Rok vydání:	2020
Předmět:	Electrical Engineering and Systems Science - Systems and Control
Druh dokumentu:	Working Paper
Popis:	The Regional Transmission Operators each have unique methods to procure frequency regulation reserves used to track real power fluctuations on the grid. Some market clearing practices result in high regulation prices with large spread compared to other markets. We present the frequency regulation market clearing formulations--as derived from operator tariffs--of the ISO New England, PJM Interconnection, and Midcontinent ISO. We offer test case examples to explain the historic market pricing behavior seen within each system operator and conclude this behavior is due to the inclusion of estimated lost opportunity costs in market clearing. Comment: 5 pages, 1 figure; This work accompanies the Review of Frequency Regulation Markets published by the authors in The Electricity Journal in December 2019, found here https://doi.org/10.1016/j.tej.2019.106668
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2001.11134 Zobrazit plný text záznamu View this record from Arxiv