The Transactions of The Korean Institute of Electrical Engineers (전기학회논문지)

The Korean Institute of Electrical Engineers (대한전기학회)
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Comparison of Compensation Rules for Fast Responding Resources Providing Frequency Regulation Service in Domestic and North American ISO/RTO Power Electricity Market

속응자원의 국내 및 북미 ISO/RTO 주파수조정예비력 서비스 제공에 따른 보상규칙 비교 분석

  • Park, Dae-Hyun (Dept. of Electrical Engineering, Konkuk University) ;
  • Park, Yong-Gi (Dept. of Electrical and Electronic Engineering, Youngsan University) ;
  • Park, Jong-Bae (Dept. of Electrical Engineering, Konkuk University) ;
  • Kim, Balho H. (Dept of Electrical Engineering, Hongik University) ;
  • Roh, Jae-Hyung (Dept. of Electrical Engineering, Konkuk University)
  • Received : 2018.03.16
  • Accepted : 2018.04.01
  • Published : 2018.05.01
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Abstract

Since FERC order 755 was published, each frequency regulation market rules of the North American ISO/RTO have been revised in many parts. In 2016, the domestic CBP market has also changed its market rules to allow ESS to participate in the frequency regulation reserve services(Governor Free and Automatic Generation Control). This paper compares and analyzes the changed North American ISP/RTO market and domestic CBP market rules. In particular, we compare PJM and CAISO frequency regulation market pricing mechanism and settlement rules with the settlement rules of the domestic CBP market and compare the factors of each market used to compensate the participating resources in terms of resource dependency and accuracy.

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References

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