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Spinning reserves for the grid

By Paul Dvorak | August 28, 2012

Spinning reserves refer to an ancillary service with the purpose of providing online reserve capacity synchronized to the grid and ready to meet electric demand within 10 minutes of a dispatch instruction by a grid operator. In more general terms, spinning reserves are reserves that are quick to come online and are typically used as bridge power to supply the grid with energy until longer-duration assets can come online. In the absence of spinning reserves, a system operator would typically shed load until the system is back in balance, or slower ramping assets can come online. Systems especially constrained, such as power grids in Hawaii and India, operate this way.

The spinning reserves market is specific to a grid system and depends on generation or load events. Grid systems are facing more instability as energy mixes change rapidly – particularly as intermittent renewable energy systems come online – and load profiles also become more unpredictable, especially in markets experiencing volatility in domestic or industrial load, such as China and Germany, respectively. Opportunities in the spinning reserves market will hinge on key-market structures which are also expected to change over time.

This report analyzes the global market for spinning reserves and forecasts the amount and revenue associated with this rapidly changing market using a scenario-based forecast. The report provides a comprehensive assessment of the demand drivers, business models, policies, and technology issues associated with the spinning reserves market. Key industry players are profiled in depth and worldwide revenue and capacity forecasts, segmented by technology and region, extend through 2022.

Key questions addressed include:

• What are spinning reserves?
• What technologies deliver spinning reserves?
• What are the key market structures affecting how much spinning reserves is worth?

PikeResearch
www.pikeresearch.com

 


Filed Under: News
Tagged With: Pike Research, PikeResearch, Spinning reserves
 

About The Author

Paul Dvorak

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