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Sauer, Peter W. Ruiz, Pablo Ariel 2015-09-25T20:09:35Z 2015-09-25T20:09:35Z 10000-01-01 2008 2008 The scheduled reserve has an economic value since it reduces the outage costs. In several electricity markets, reserve demand functions have been implemented to take into account the value of reserve in the market clearing process. These often take the form of a step-down function at the reserve requirement level, and as such they may not appropriately represent the reserve value. The value of reserve is impacted by the reliability, dynamic and stochastic characteristics of system components, the system operation policies, and the economic aspects such as the risk preferences of the demand. In this thesis, these aspects are taken into account to approximate the reserve value and construct reserve demand functions. Illustrative examples show that the demand functions constructed have similarities with those implemented in some markets. Made available in DSpace on 2015-09-25T20:09:35Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3337901.pdf: 2070572 bytes, checksum: 69b95a15ba317987c533587f5ca0de37 (MD5) Previous issue date: 2008 Embargo set by: Seth Robbins for item 82385 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 135 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2008. http://hdl.handle.net/2142/81103 (MiAaPQ)AAI3337901 eng Energy Reserve Valuation in Electric Power Systems text Electrical and Computer Engineering Electrical and Computer Engineering University of Illinois at Urbana-Champaign Dissertation Ph.D.