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AncillaryServices.KirschenChapter5Slides.LTEdits.pdf

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Balancing Services…Continued<br />

Difference between power traded and power produced:<br />

• Market assumes generation (MW) remains constant over<br />

each trading period (e.g., each hour in day-ahead market)<br />

• In fact, generation (MW) varies over each trading period<br />

• Minor errors in control<br />

• Unit commitment issues (e.g., ramp constraints at ends of periods)<br />

• Generating unit outages can create large imbalances<br />

• Power traded in markets cannot track rapid intra-period<br />

fluctuations in generation<br />

© Daniel Kirschen & Leigh Tesfatsion 2011 18

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