Spinning Reserve Requirements Optimization Based on an Improved Multiscenario Risk Analysis Method

Table 2

Comparison of different costs between the proposed method and the method presented in [20].

Cost	The proposed method	Method in [20]
Fuel cost ($)	228721.81	227545.48
Start-up cost ($)	4929.00	6150.60
SR cost ($)	58185.61	62022.23
ECLS ($)	15779.94	15960.19
Penalty cost ($)	856.5	0
Carbon emission cost ($)	195433.41	193470.31
Total cost ($)	503906.28	505148.81