Abstract
In this paper, we assume 2 models for securing reserve capacity. One is “Commitment-based Security Model” and the other is “Reserve Market-based Security Model”. In Commitment-based security model, ISO commits procurement of reserve energy to a particular generation company. Meanwhile, in Reserve market-based security model, ISO procures reserve energy through reserve market. The main object of this research is to investigate which model will be preferable for the viewpoint of consumer's cost. To compare these models, two things are considered in this paper. One is bidding behavior of agents which bids to energy market and reserve market. To consider this, Q-Learning of multi-agent model is used. Also, the Unit Commitment (UC) is considered to calculate generation cost. This is to calculate the cost for securing reserve power more precisely.
