2017
DOI: 10.1109/tii.2017.2677969
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Modeling and Analysis of Lithium Battery Operations in Spot and Frequency Regulation Service Markets in Australia Electricity Market

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Cited by 74 publications
(18 citation statements)
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“…There were also studies of sole operation of BESS on electricity markets and dealing with the optimization of bidding strategies of variable RES. Zhai et al [17] proposed a model of battery operating on the Australian electricity market and cost estimator to analyze the effects of market participation on the battery life. Pandžić and Kuzle [18] developed a bi-level profit maximization model to evaluate the effects of energy storage on day-ahead market prices and the potential response of conventional plant operators.…”
Section: Introductionmentioning
confidence: 99%
“…There were also studies of sole operation of BESS on electricity markets and dealing with the optimization of bidding strategies of variable RES. Zhai et al [17] proposed a model of battery operating on the Australian electricity market and cost estimator to analyze the effects of market participation on the battery life. Pandžić and Kuzle [18] developed a bi-level profit maximization model to evaluate the effects of energy storage on day-ahead market prices and the potential response of conventional plant operators.…”
Section: Introductionmentioning
confidence: 99%
“…If the system inertia in the power system decreases more than a certain level, it becomes impossible or very inefficient to maintain frequency response performance using the primary frequency response during a transient period because the frequency could drop below the threshold before the primary response could be delivered [5,6]. As a solution for compensating the performance of the frequency responses with high penetration level of RES, BESS is proposed for providing both the inertia and primary frequency response [7][8][9][10][11][12][13][14][15][16][17][18][19][20][21]. Since the inertia response and primary frequency control are required to provide response just after a disturbance, BESS is perfectly suitable for providing a rapid response even with a limited energy capacity [10][11][12][13].…”
Section: Introductionmentioning
confidence: 99%
“…Electric vehicles have driven expansions in battery manufacturing at the scale of tens of gigawatts hours annually and retired electric vehicle batteries provide a new emerging lower-cost storage opportunity [11,12]. BMW has recently announced it will offer a residential battery pack based on batteries recycled from its i3 EV series vehicles [11].…”
Section: Introductionmentioning
confidence: 99%
“…BMW has recently announced it will offer a residential battery pack based on batteries recycled from its i3 EV series vehicles [11]. This paper will focus on the use of load forecasting to optimize the economic operation of community battery systems.…”
Section: Introductionmentioning
confidence: 99%