Open AccessPrice‐based control of ancillary services for power balancing
Author(s) -
van den Bosch P. P. J.,
Jokic A.,
Frunt J.,
Kling W. L.,
Nobel F.,
Boonekamp P.,
de Boer W.,
Hermans R. M.,
Virag A.
Publication year - 2011
Publication title -
european transactions on electrical power
Language(s) - English
Resource type - Journals
eISSN - 1546-3109
pISSN - 1430-144X
DOI - 10.1002/etep.530
Subject(s) - incentive , electric power system , control (management) , renewable energy , business , market penetration , industrial organization , risk analysis (engineering) , power (physics) , environmental economics , computer science , telecommunications , economics , engineering , electrical engineering , microeconomics , marketing , physics , quantum mechanics , artificial intelligence
A reliable and an efficient power system is a necessity for any industrialized society. Governments have to enforce regulations to guarantee that such a power system, in spite of many competing stakeholders, participants, companies, and regulating agencies can be operational. This paper analyzes the present arrangements and the future requirements to be posed on incentives and regulation for ancillary services (AS) for power balancing. The paper proposes companies to assess their own needs for AS. A two‐sided market for AS is being described to replace the existing arrangements for secondary control. The proposed solution guarantees a reliable and efficient operation of power systems in a market environment with responsive, reliable, and accountable but also competing prosumers, a large penetration of less‐predictable renewables and continent‐spanning transmission networks. Copyright © 2010 John Wiley & Sons, Ltd.
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