Related papers: Day-ahead Operational Planning with Enhanced Flexi…
Flexible ramping products (FRPs) emerge as a promising instrument for addressing steep and uncertain ramping needs through market mechanisms. Initial implementations of FRPs in North American electricity markets, however, revealed several…
This article puts forward a methodology for procuring flexible ramping products (FRPs) in the day-ahead market (DAM). The proposed methodology comprises two market passes, the first of which employs a stochastic unit commitment (SUC) model…
The roll-out of a flexible ramping product provides Independent System Operators (ISOs) with the ability to address ramping capacity shortages. ISOs procure flexible ramping capability by committing more generating units or reserving a…
Intensified netload uncertainty and variability led to the concept of a new market product, flexible ramping product (FRP). The main goal of FRP is to enhance the generation dispatch flexibility inside real-time (RT) markets to mitigate…
The deepening penetration of renewables in power systems has contributed to the increasing needs for generation scheduling flexibility. Specifically, for short-term operations, flexibility here indicates that sufficient ramp capacities…
In electricity networks with high penetration levels of renewable resources, Flexible Ramping Products (FRPs) are among the utilized measures for dealing with the potential fluctuations in the net demand. This paper investigates the impacts…
Volatile electricity prices make demand response (DR) attractive for processes that can modulate their production rate. However, if nonlinear dynamic processes must be scheduled simultaneously with their local multi-energy system, the…
The presence of variable renewable energy resources with uncertain outputs in day-ahead electricity markets results in additional balancing needs in real-time. Addressing those needs cost-effectively and reliably within a competitive market…
The deepening penetration of variable energy resources creates unprecedented challenges for system operators (SOs). An issue that merits special attention is the precipitous net load ramps, which require SOs to have flexible capacity at…
In this paper, we propose a two-stage electricity market framework to explore the participation of distributed energy resources (DERs) in a day-ahead (DA) market and a real-time (RT) market. The objective is to determine the optimal bidding…
With the fast growth of wind power penetration, power systems need additional flexibility to cope with wind power ramping. Several electricity markets have established requirements for flexible ramping capacity (FRC) reserves. This paper…
The expected increase in the penetration of renewables in the approaching decade urges the electricity market to introduce new products - in particular, flexible ramping products - to accommodate the renewables' variability and…
Fully-partitioned fixed-priority scheduling (FP-FPS) multiprocessor systems are widely found in real-time applications, where spin-based protocols are often deployed to manage the mutually exclusive access of shared resources.…
Because of increasing amounts of intermittent and distributed generators in power systems, many demand response programs have been developed to schedule flexible energy consumption. However, proper benchmarks for comparing these methods are…
This paper presents a scenario based robust optimization framework for short term energy scheduling in electricity intensive industrial plants, explicitly addressing uncertainty in planning decisions. The model is formulated as a two-stage…
The increase of renewables in the grid and the volatility of the load create uncertainties in the day-ahead prices of electricity markets. Adaptive robust optimization (ARO) and stochastic optimization have been used to make commitment and…
With the increasing penetration of intermittent renewable energy sources (RESs), it becomes increasingly challenging to maintain the supply-demand balance of power systems by solely relying on the generation side. To combat the volatility…
Data centers (DCs) are increasingly recognized as flexible loads that can support grid frequency regulation. Yet, most existing methods treat workload scheduling and regulation capacity bidding separately, overlooking how queueing dynamics…
The increasing penetration of renewable energy in recent years has led to more uncertainties in power systems. In order to maintain system reliability and security, electricity market operators need to keep certain reserves in the…
The increasing share of volatile renewable electricity production motivates demand response. Substantial potential for demand response is offered by flexible processes and their local multi-energy supply systems. Simultaneous optimization…