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Ancillary Services (I): Pricing and Procurement of Reserves

  • M. Rashidinejad
  • Y. H. Song
  • M. H. Javidi
Chapter
Part of the Power Systems book series (POWSYS)

Abstract

This chapter introduces the concept of ancillary services and the various ancillary service markets. In particular, we will discuss the procurement and pricing of reserves in electric power markets. A joint dispatch model for energy and reserve with regards to the real-time and day-ahead market is presented. Finally, development of an option pricing model is described.

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Copyright information

© Springer-Verlag London 2003

Authors and Affiliations

  • M. Rashidinejad
  • Y. H. Song
  • M. H. Javidi

There are no affiliations available

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