Uncertainty-Based Dynamic Reserves and Flexibility Estimation
As solar and wind power become more common, power system operators and flexible resources must manage challenging imbalances induced by uncertainty. NREL researchers are studying solutions to mitigate or manage these imbalances.
- Data analytics for estimating the flexibility distributed energy resources can provide
- Simulations using the Flexible Energy Scheduling Tool for Integrating Variable Generation (FESTIV)—a multiple-timescale simulation tool that includes security-constrained unit commitment, security-constrained economic dispatch, and automatic generation control—for estimating the value of more accurate reserve requirements and understanding the impact of modifications to power system operations and markets on the economic and reliability performance of the power systems
- Decision analysis to assess different participation models in electricity markets for hybrid power plants and estimate the value of uncertainty mitigation and flexibility a hybrid power plant can achieve.
Flexibility Auctions: A Framework for Managing Imbalance Risk, Federal Energy Regulatory Commission Technical Conference on Increasing Real-Time and Day-Ahead Market Efficiency Through Improved Software (2021)
What Is the Value of Alternative Methods for Estimating Ramping Needs?, IEEE Green Technologies Conference (2020)