Stochastic multi-objective programming for simultaneous clearing of energy and spinning reserve markets considering reliability preferences of customers

•A new simultaneous energy and SR markets clearing model is presented.•ISO is not further responsible for determining and procuring the required SR.•DISCOs declare VOLLs to SR market and subscribe desired SR in every contingency.•Subscribed SR of a DISCO is not only dependant on the amount of its VO...

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Bibliographic Details
Published in:	International journal of electrical power & energy systems Vol. 53; pp. 691 - 703
Main Authors:	Amirahmadi, Meysam, Akbari Foroud, Asghar
Format:	Journal Article
Language:	English
Published:	Oxford Elsevier Ltd 01.12.2013 Elsevier
Subjects:	Applied sciences Distribution company Electrical engineering. Electrical power engineering Electrical power engineering Exact sciences and technology Expected Load Not Supplied Generation company Miscellaneous Operation. Load control. Reliability Power networks and lines Reliability preferences Spinning reserve Spinning reserve Distribution company Reliability preferences Expected Load Not Supplied Generation company Procurement Costs Clientele Power system economics Multiobjective programming Mixed integer programming Scheduling Electric utility Stochastic programming Electrical network Welfare System simulation Contingency table Power markets Objective function ISO standard Planning Reliability Electric power industry
ISSN:	0142-0615, 1879-3517
Online Access:	Get full text
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