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The equivalent modeling method is extensively used in the area of power system optimization. The thermal power system can be simplified into an equivalent thermal unit in the studies where the performance of individual units is not the focus. Conventionally, the equivalent ramp rate for the equivalent thermal unit is the summation of each unit's ramp rate. However, the equivalent ramp rate relies...
This paper presents alternatives for the calculation of locational marginal prices in electric power distribution systems. Although a distribution class locational marginal price (DLMP) is at the conceptual stage, the use of a DLMP has recognized potential for circuit loading strategies and energy and power flow control. The use of quadratic programming with the application of loss factors for the...
Increasing share of renewable energy sources in the electric sector, forces the system operators to include new resources for frequency regulations with fast ramping. Electric vehicles (EVs) with fast charging and short battery reaction time are becoming promising source for frequency regulations. Therefore, it is worthwhile to evaluate EV's abilities and associated cost to participate in the frequency...
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