Analysis of the technical and economical aspects of contingency power and spinning reserves

Abstract

Contingency power and spinning reserves are critical components of power systems worldwide, providing a vital role in maintaining system reliability and stability. In this paper, we analyze the technical and economic aspects of contingency power and spinning reserves, with a specific focus on Sri Lanka. We examine the current state of contingency power and spinning reserves in Sri Lanka and discuss anticipated structural reforms. Our analysis suggests that there is a significant potential for improving the technical and economic aspects of contingency power and spinning reserves in Sri Lanka. We propose a set of recommendations for policymakers to promote these improvements