Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Faculty Publications Conference Paper Faculty Publications- Conference Papers Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Creator An entity primarily responsible for making the resource Ghouse, Syed Mohammad; Nagaraju, E.; Prakash, Om; Zabiullah, Ismail; Gowda, Anil B; Sharief, Mohammed Ismail Title A name given to the resource Market-Based Strategies for Enhancing Grid Resilience under High Renewable Penetration Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2025 Source A related resource from which the described resource is derived 14th International Conference on Renewable Energy Research and Applications, ICRERA 2025;pp.1848-1853 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1109/ICRERA66237.2025.11283943" target="_blank" rel="noreferrer noopener">https://doi.org/10.1109/ICRERA66237.2025.11283943</a> <br /><br /><a href="https://www.scopus.com/pages/publications/105032835369?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/105032835369?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Ghouse S.M., CMR University, School of Management, Karnataka, Bangalore, India; Nagaraju E., CMR University, School of Management, Karnataka, Bangalore, India; Prakash O., CMR University, School of Management, Karnataka, Bangalore, India; Zabiullah I., CMR University, School of Management, Karnataka, Bangalore, India; Gowda A.B., Christ University, Karnataka, Bangalore, India; Sharief M.I., CMR University, School of Management, Karnataka, Bangalore, India Description An account of the resource The rise in penetration of renewable energy sources (RES), especially wind and solar, presents important challenges to power system operation and electricity markets. Renewables cut emissions and are cheaper in the long run but are intermittent, creating volatility, uncertainty about revenues, and reliability risks. This study analyses the performance of markets in delivering resilience to the grid given high levels of renewables. A grid simulation over 24 hours was then developed in order to study four aspects of the problem; (i) Stability of revenues for the generators, (ii) Reduction in the cost of imbalances as a result of flexibility, (iii) Reliability in terms of Loss of Load Expectation (LOLE), and Energy Not Served (ENS), and (iv) the impact on costs for consumers. Findings show that flexibility participation reduces costs incurred due to imbalance by ? 60%, and resilience mechanisms reduce the effective tariff faced by consumers from 32/kWh to 6.8/kWh. Reliability indices also improve greatly when flexibility and ancillary services markets are introduced. In addition, a Particle Swarm Optimization (PSO) model was applied to find the optimum levels of renewable penetration and flexibility that result in the least total system cost, which correspond to approximately 0.7 for flexibility and approximately 55-65% for renewables. These results point to the economic and technical need for reengineered electricity markets that incorporate flexibility products, ancillary services, and resilience incentives. This dissertation provides a complete methodology of simulation, reliability metrics, and optimization to inform policy makers, system operators, and investors of resilient renewable dominated grids. 2025 IEEE. Subject The topic of the resource Ancillary services; Flexibility services; Grid resilience; Particle Swarm Optimization (PSO); Renewable energy integration Publisher An entity responsible for making the resource available Institute of Electrical and Electronics Engineers Inc. Relation A related resource ISBN: 979-833159989-8; Language A language of the resource English Type The nature or genre of the resource Conference paper Rights Information about rights held in and over the resource Restricted Access; Hardcopy may be available in the library Format The file format, physical medium, or dimensions of the resource online