A spinning reserve market considering security and biddable reserve

Abstract

This paper presents the development of a spinning reserve market model framework for procurement of spinning reserve services, independent of the energy market auctions. The proposed model has developed an innovative spinning reserve biddable reserve calculation scheme which is dynamic and nature, and the full AC OPF is used to determine the spinning reserve procurement while taking into account system security constraints. The model has been applied to the CIGRE 32-bus system and detailed simulation studies have been carried out to examine the performance of the model