Smart and Sustainable Power Systems

5

Reserves and Demand Response Coping with Renewable Energy Resources Uncertainty

Nikolaos G. Paterakis, Ozan Erdinç, Miadreza Shafie-khah, and Ehsan Heydarian-Forushani

CONTENTS

5.1    Introduction

5.1.1    Need for Procuring Reserves by the Demand Side

5.1.2    Reserve Procurement Under Uncertainty: An Overview

5.1.3    Objectives

5.2    Uncertainty Modeling

5.2.1    Introduction

5.2.2    Scenario Generation and Reduction Techniques

5.2.2.1    Uncertainty of Customers’ Behavior

5.2.2.2    Modeling the Uncertainties of Activated Amounts of Reserve

5.2.2.3    Modeling the Uncertainties of Market Prices

5.3    Responsive Demand Models

5.3.1    Industrial Customer Model

5.3.2    PEV Aggregator Model

5.3.3    Economic Model of Responsive ...