<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The main task of the control over an electric power system (EPS) is to ensure reliable power supply at the least cost. In this case, requirements to the electric power quality, power supply reliability and cost limitations on the energy resources must be observed. The available power reserve in an EPS is the necessary condition to keep it in operation with maintenance of normal operating variables (frequency, node voltage, power flows via the transmission lines, etc.). The authors examine possibilities to create power reserves that could be offered for sale by the electric power producer. They consider a procedure of price formation for the power reserves and propose a relevant mathematical model for a united EPS, the initial data being the fuel-cost functions for individual systems, technological limitations on the active power generation and consumers' load. As the criterion of optimization the maximum profit for the producer is taken. The model is exemplified by a concentrated EPS. The computations have been performed using the MATLAB program.</p></abstract>

The main task of the control over an electric power system (EPS) is to ensure reliable power supply at the least cost. In this case, requirements to the electric power quality, power supply reliability and cost limitations on the energy resources must be observed. The available power reserve in an EPS is the necessary condition to keep it in operation with maintenance of normal operating variables (frequency, node voltage, power flows via the transmission lines, etc.). The authors examine possibilities to create power reserves that could be offered for sale by the electric power producer. They consider a procedure of price formation for the power reserves and propose a relevant mathematical model for a united EPS, the initial data being the fuel-cost functions for individual systems, technological limitations on the active power generation and consumers' load. As the criterion of optimization the maximum profit for the producer is taken. The model is exemplified by a concentrated EPS. The computations have been performed using the MATLAB program.

Creation of Power Reserves Under the Market Economy Conditions

The Institute of Power Engineering, Riga Technical University, 1 Kronvalda Blvd., Riga, LV-1010, Latvia

Latvian Journal of Physics and Technical Sciences

{"article-title":"Creation of Power Reserves Under the Market Economy Conditions"}

The main task of the control over an electric power system (EPS) is to ensure reliable power supply at the least cost. In this case, requirements to the...

Creation of Power Reserves Under the Market Economy Conditions

Published Online: Aug 14, 2008

Page range: 14 - 24

DOI: https://doi.org/10.2478/v10047-008-0011-9

This content is open access.