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Title: Enhancing Power System Operational Flexibility With Flexible Ramping Products: A Review

With the increased variability and uncertainty of net load induced from high penetrations of renewable energy resources and more flexible interchange schedules, power systems are facing great operational challenges in maintaining balance. Among these, the scarcity of ramp capability is an important culprit of power balance violations and high scarcity prices. To address this issue, market-based flexible ramping products (FRPs) have been proposed in the industry to improve the availability of ramp capacity. This paper presents an in-depth review of the modeling and implementation of FRPs. The major motivation is that although FRPs are widely discussed in the literature, it is still unclear to many how they can be incorporated into a co-optimization framework that includes energy and ancillary services. The concept and a definition of power system operational flexibility as well as the needs for FRPs are introduced. The industrial practices of implementing FRPs under different market structures are presented. Market operation issues and future research topics are also discussed. In conclusion, this paper can provide researchers and power engineers with further insights into the state of the art, technical barriers, and potential directions for FRPs.
Authors:
 [1] ;  [1]
  1. National Renewable Energy Lab. (NREL), Golden, CO (United States)
Publication Date:
Report Number(s):
NREL/JA-5D00-67471
Journal ID: ISSN 1551-3203
Grant/Contract Number:
AC36-08GO28308
Type:
Accepted Manuscript
Journal Name:
IEEE Transactions on Industrial Informatics
Additional Journal Information:
Journal Volume: 13; Journal Issue: 4; Journal ID: ISSN 1551-3203
Publisher:
IEEE
Research Org:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
Country of Publication:
United States
Language:
English
Subject:
24 POWER TRANSMISSION AND DISTRIBUTION; smart grid; operational flexibility; flexible ramping product; electricity market operations; variability; uncertainty; variable generation
OSTI Identifier:
1374973