DIVERS FRAMEWORKS OF ANCILLARY SERVICE MARKETS

This paper presents the design of bid selection protocols and settlement rules in ancillary service markets. Independent System Operator (ISO) operates the markets to control the competitive procurement of reserves, those are needed to ensure the secure operation of a competitive electric power system. Reserve types are characterized in terms of response time and they are downward substitutable (faster responding reserves can replace slower ones). It shows how this substitutability is accounted for in alternative market protocols.

کلیدواژه ها:

Ancillary services market ، deregulated power systems ، ISO ، pricing