Stochastic procurement of fast reserve services in renewable integrated power systems

Ensuring the security and quality of supply in a power system after a contingency event is one of the most challenging tasks for an electricity system operator. This work is initiated by this challenge and proposes a solution based on the use of provided reserves by fast generators, storage devices, and wind farms. A coordinated model is proposed in a joint energy and reserves market considering their corresponding cost to ensure the adequacy in the simultaneous deployment of reserves for the different sources of uncertainties. The Benders decomposition approach is used in the modeling of the stochastic security-constrained unit commitment, and considering the large-scale and complex nature of the model, acceleration techniques are suggested to reduce the execution time. The proposed model is tested on the 6-bus and the IEEE 118-bus test systems. Numerical results show that the optimal values of reserves successfully address contingencies in both of the critical and normal periods after the contingencies and the optimal solution is calculated in a reasonable computing time