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- W2911778875 abstract "Integration of more and more Variable Energy Resources (VER) into the system has introduced new challenges to grid and market operations. This chapter first provides an overview of wholesale electricity markets and market management systems. The intermittent nature of VER’s increases the need for system ramping capability in real-time balancing market, and causes issues in long term market pricing and resource adequacy. Enhancements are being made in both market design and market analytical tools in terms of managing operational uncertainties introduced by VER integration. The rest of the chapter focuses on two areas of market enhancement. The first one is the idea to establish a ramp market in real-time balancing operation to create the right market incentives for resources to provide enough ramping energy to compensate VER volatility. The second topic is to manage short-term VER uncertainty by applying robust optimization to look-ahead unit commitment." @default.
- W2911778875 created "2019-02-21" @default.
- W2911778875 creator A5029851581 @default.
- W2911778875 date "2017-01-01" @default.
- W2911778875 modified "2023-09-28" @default.
- W2911778875 title "Advances in Market Management Solutions for Variable Energy Resources Integration" @default.
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- W2911778875 doi "https://doi.org/10.1016/b978-0-12-809592-8.00008-1" @default.
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