Hi everyone, this is Min and i am posting about the basic concept of Ancillary services in power/energy market for your knowledge. This posting will show why you need Ancillary services in power/energy market. Let's see!
Ancillary services in power/energy markets are a set of services that are essential for the reliable operation of the electric grid. These services help to ensure that the grid remains balanced, voltage and frequency levels are maintained, and the system can recover from disturbances.
Ancillary services are typically provided by a variety of resources, including conventional generators, renewable energy sources, batteries, and demand response programs. The specific mix of ancillary services required will vary depending on the characteristics of the grid and the level of variable renewable energy penetration.
Some of the most common ancillary services include:
- Frequency regulation: This service helps to maintain the grid's frequency at 60 Hz, which is essential for the reliable operation of electrical equipment.
- Voltage regulation: This service helps to maintain the grid's voltage within acceptable levels, which is important for preventing equipment damage and ensuring safe and reliable operation.
- Spinning reserve: This service provides backup generation capacity that can be quickly dispatched to the grid in the event of a generator outage or other unexpected event.
- Black start: This service provides the ability to restart the grid from a blackout.
Ancillary services are typically procured through competitive markets, which helps to ensure that they are provided at the most efficient cost. The specific market design for ancillary services can vary from jurisdiction to jurisdiction.
Ancillary services are essential for the reliable operation of the electric grid, and they play an increasingly important role as the grid becomes more complex and integrates more variable renewable energy sources.
I hope you enjoyed the content above and i hope this will help you for improving your works.
Min, P.E.
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