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Value of Interconnectors Operating in Simultaneous Energy-Frequency Response Markets.
- Source :
- IEEE Transactions on Power Systems; Sep2022, Vol. 37 Issue 5, p3381-3393, 13p
- Publication Year :
- 2022
-
Abstract
- This paper investigates the potential contribution that interconnectors can provide to efficiently support the security of interconnected power systems. The proposed modelling setup introduces a radical paradigm shift in the operation of the interconnectors and in their interactions with multiple markets. To the best of our knowledge, this is the first paper that models a simultaneous allocation of the interconnector capacity for the exchange of energy and of inertia-dependent primary frequency response. The benefits and impact of this new methodology are evaluated with typical market indicators (e.g., social welfare and interconnector revenues) under two different paradigms: a centralized approach where the interconnectors are operated to minimize the system operational cost and a market-based framework where the interconnectors are privately-owned assets with self-interested objectives. By modelling the interconnectors as “price-maker”, the proposed work quantifies the potential inefficiencies of market solutions while considering key elements such as capacity withdrawing. A case study of the GB-France systems assesses the value of interconnectors on system efficiency and security under the considered paradigms. [ABSTRACT FROM AUTHOR]
- Subjects :
- INTERCONNECTED power systems
OPERATING costs
POWER plants
Subjects
Details
- Language :
- English
- ISSN :
- 08858950
- Volume :
- 37
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- IEEE Transactions on Power Systems
- Publication Type :
- Academic Journal
- Accession number :
- 158649799
- Full Text :
- https://doi.org/10.1109/TPWRS.2021.3138732