A Day-Ahead Market Clearing Model Under System Inertia Constraints

We study the market clearing model for electric energy, inertia, and reserve in the day-ahead market, with a particular focus on the virtual inertia provided by wind units. In this paper, we consider synchronous inertia and virtual inertia as sources of system inertia. We incorporate system inertia constraints into the unit commitment (UC) and the economic dispatch (ED) models, and assign economic value to virtual inertia, so as to incentivize wind power to provide virtual inertia. Numerical results demonstrate that the proposed model enhances the participation of wind power units, increases the wind utilization rate and reduces the total costs.