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A Locational Price for Power Injection Fluctuations of Variable Generation and Load

In this paper we calculate the incremental system production cost associated with a measure of locational power injection uncertainty that can be interpreted as a locational price for tracking power fluctuations. This Locational Price of Variability (LPV) can be used to allocate charges for regulation reserves by location, and hence, can also be used to value distributed energy storage employed to mitigate such fluctuations. We consider policy changes that could enable the implementation of the LPV.

preprint2020arXivOpen access
Adria E. BrooksBernard C. Lesieutre
Systems and Controleess.SY
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Open access2 authors2 topics
Imported metadata coverageMissing code, dataset, citation and institution fields are tracked without dominating the paper.Details
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Adria E. BrooksBernard C. Lesieutre

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