Selling Power System Flexibility: Ancillary Service and Real-Time Energy Market Challenges for Storage
2014 ◽
Keyword(s):
Power system operators obtain the flexibility required to reliably balance aggregate generation and load through ancillary service and five-minute energy markets. Market prices are based on the marginal opportunity costs of the generators. This market design works well for generators but inherently fails for storage and demand response, denying these new technologies a fair opportunity to compete and denying the power system access to potentially lower cost reliability resources. Market design or regulatory changes may be required for storage and demand response to be viable ancillary service providers.
2020 ◽
Vol 14
(6)
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pp. 1095-1103
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Keyword(s):
2016 ◽
Vol 78
◽
pp. 73-82
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Keyword(s):