Bidding in Ancillary Service Markets: An Analytical Approach Using
Extreme Value Theory
Bidding in Ancillary Service Markets: An Analytical Approach Using
Extreme Value Theory
To encourage the participation of stochastic distributed energy resources in Nordic ancillary service markets, the Danish transmission system operator, Energinet, has introduced grid codes requiring a minimum 90% reliability for the full availability of reserve capacity bids. This paper addresses the bidding strategy of flexibility aggregators under Energinet's reliability requirement …