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Most renewable energy sources (RES) do not provide any inertial response. Their integration in a power grid implies a highly reduced level of system inertia, which leads to a deteriorated frequency performance. Then, the requirement for frequency response is significantly increased in order to maintain frequency security. Alternatively, enhanced provision of inertia from auxiliary sources may alleviate this problem. However, the benefits of inertia provision are not yet fully understood. In this paper, an inertia-dependent Stochastic Unit Commitment (SUC) tool is applied to quantify the economic value of inertia. The results demonstrate that enhanced provision of inertia would lead to significant economic savings, although these savings vary under different system conditions. These results should be brought to the attention of both market operators and investors, in order to inform the design of an ancillary-services market for inertia and the investment in auxiliary provision of inertia.
Accurate inertia estimates and forecasts are crucial to support the system operation in future low-inertia power systems. A large literature on inertia estimation methods is available. This paper aims to provide an overview and classification of iner
A significant amount of converter-based generation is being integrated into the bulk electric power grid to fulfill the future electric demand through renewable energy sources, such as wind and photovoltaic. The dynamics of converter systems in the o
The reduced inertia levels in low-carbon power grids necessitate explicit constraints to limit frequencys nadir and rate of change during scheduling. This can result in significant curtailment of renewable energy due to the minimum generation of ther
Given the increasing penetration in renewable generation, the UK power system is experiencing a decline in system inertia and an increase in frequency response (FR) requirements. Faster FR products are a mitigating solution that can cost-effectively
A major concern associated to the massive connection of distributed energy resources is the increasing share of power electronic interfaces resulting in the global inertia reduction of power systems. The recent literature advocated the use of voltage