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- W4386014781 abstract "Due to the ever-increasing load, generators are equipped with reserves for sudden demand, and optimization is essential to reduce the operational cost. As demand and supply vary continuously, the system’s frequency changes may cause system load fluctuations and sudden power outages for any mismatch between them. This paper proposes a model for optimal dispatch of energy and reserve capacity and reveals DC load flow optimization in a three-bus system. This model has considered a day ahead electricity market which includes varying power demand bid and generates energy along with reserve capacity. The state of the art applied in this paper for minimization of the operational cost for generator production and its reserves are sequential and simultaneous methods. The energy costs at different nodes are examined by the locational marginal prices (LMPs), and how the dispatch of energy and reserve capacities are available for the market participants at the minimum price has been depicted in the paper. The reserve requirement is also calculated through a probabilistic approach and incorporated within the framework of expected load not served." @default.
- W4386014781 created "2023-08-21" @default.
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- W4386014781 date "2023-01-01" @default.
- W4386014781 modified "2023-09-27" @default.
- W4386014781 title "Co-optimization of Energy and Reserve Capacities Through Expected Load Not Served" @default.
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- W4386014781 doi "https://doi.org/10.1007/978-981-99-3691-5_1" @default.
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