  This paper addresses the challenges of high-impact low-probability (HILP)
events by proposing a novel capacity reserve event market for mobile generation
assets, aimed at supporting the transmission network during such incidents.
Despite the usefulness of portable generators and mobile energy units in
restoring power, there are drawbacks such as environmental impact, finite
operation, and complex cost recovery. The proposed market integrates these
resources into a dispatch framework based on pre-established contracts,
ensuring fair compensation and considering factors like capacity, pricing, and
travel distance. Resource owners receive advanced notifications for potential
events, allowing them to adjust their bids for cost recovery. Simulations on an
IEEE 30-bus case have been conducted to demonstrate the model effectiveness in
increasing grid resiliency.
