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
