Energy-centric flexibility management in power systems

Currently, power system planning practices are undergoing various transformations in an attempt to integrate efficiently significant amounts of low-carbon power generation technologies. At the heart of this efficient integration lies the need to plan for and exploit the available flexibility in power systems. In the past, the emphasis was on planning the capacity (i.e., power) of operating reserve requirements, in the form of categorized reserve types. Such approach was suitable for traditional power systems exhibiting low variability and uncertainty. The concept of power system flexibility is emerging as a way to emphasize the need to also consider the ramping capability of operating reserve needed to accommodate high variability and uncertainty arising from renewable energy integration. Prior considerations of power system flexibility, however, are found to be inadequate to handle energy-limited power system resources like energy storage assets and demand response. Hence, this paper sets to consider systematically energy limitations of operating reserve by proposing energy-based operating reserve definitions. We demonstrate the benefits of the new reserve definitions, using a receding-horizon economic dispatch integrating energy storage.