Ancillary Services in Power System Transition Toward a 100% Non-Fossil Future: Market Design Challenges in the United States and Europe

Autor:	Viola, Luigi, Nordin, Saeed, Dotta, Daniel, Hesamzadeh, Mohammad Reza, Baldick, Ross, Flynn, Damian
Rok vydání:	2023
Předmět:	Physics - Physics and Society Economics - General Economics Electrical Engineering and Systems Science - Systems and Control Mathematics - Optimization and Control
Druh dokumentu:	Working Paper
Popis:	The expansion of variable generation has driven a transition toward a 100\% non-fossil power system. New system needs are challenging system stability and suggesting the need for a redesign of the ancillary service (AS) markets. This paper presents a comprehensive and broad review for industrial practitioners and academic researchers regarding the challenges and potential solutions to accommodate high shares of variable renewable energy (VRE) generation levels. We detail the main drivers enabling the energy transition and facilitating the provision of ASs. A systematic review of the United States and European AS markets is conducted. We clearly organize the main ASs in a standard taxonomy, identifying current practices and initiatives to support the increasing VRE share. Furthermore, we envision the future of modern AS markets, proposing potential solutions for some remaining fundamental technical and market design challenges. Comment: 64 pages, 9 figures
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2311.02090 Zobrazit plný text záznamu View this record from Arxiv