Imperial College London
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DrFeiTeng

Faculty of Engineering, Department of Electrical and Electronic Engineering

Senior Lecturer
 
 
 
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Contact

 

+44 (0)20 7594 6178f.teng Website CV

 
 
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Location

 

1116Electrical EngineeringSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Greve:2018:10.1016/j.apenergy.2018.09.088,
author = {Greve, T and Teng, F and Pollitt, MG and Strbac, G},
doi = {10.1016/j.apenergy.2018.09.088},
journal = {Applied Energy},
pages = {562--569},
title = {A system operator's utility function for the frequency response market},
url = {http://dx.doi.org/10.1016/j.apenergy.2018.09.088},
volume = {231},
year = {2018}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - How can the electricity system operator determine the optimal quantity and quality of electricity ancillary services (such as frequency response) to procure in a market increasingly characterized by intermittent renewable electricity generation? The paper presents a system operator’s utility function to calculate the exchange rates in monetary values between different frequency response products in the electricity system. We then use the utility function in a two-sided Vickrey-Clarke-Groves (VCG) mechanism combined of two frequency response products – enhanced and primary – in the context of the system in Great Britain. This mechanism would allow the market to reveal to the system operator the welfare optimal mix of speed of frequency response and quantity to procure. We show that this mechanism is the efficient way to support new faster sources of frequency response, such as could be provided by grid scale batteries.
AU  - Greve,T
AU  - Teng,F
AU  - Pollitt,MG
AU  - Strbac,G
DO  - 10.1016/j.apenergy.2018.09.088
EP  - 569
PY  - 2018///
SN  - 0306-2619
SP  - 562
TI  - A system operator's utility function for the frequency response market
T2  - Applied Energy
UR  - http://dx.doi.org/10.1016/j.apenergy.2018.09.088
UR  - http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000452345400042&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
UR  - http://hdl.handle.net/10044/1/65379
VL  - 231
ER  -
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