Optimal Operation of Independent Storage Systems in Energy and Reserve Markets With High Wind Penetration

Akhavan-Hejazi, Hossein; Mohsenian‐Rad, Hamed

doi:10.1109/tsg.2013.2273800

Cited by 203 publications

(113 citation statements)

References 19 publications

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“…The economic viability and potential of energy storages' arbitraging in power markets is researched in [5]. Storages' self-scheduling in energy and ancillary service markets is researched in [6]- [10], some of which also consider joint operation with wind farms.…”

mentioning

confidence: 99%

Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life

Chen

et al. 2016

IEEE Trans. Smart Grid

405

223

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mentioning

confidence: 99%

Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life

Chen

et al. 2016

IEEE Trans. Smart Grid

405

223

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“…Here, we model the most basic and typical constraints. More details on battery operation constraints is available in [34]. We will also examine some practical aspects with respect to battery system modeling later in Section IV-A.…”

Section: A Offline Optimization Approachmentioning

confidence: 99%

Customer-Side SCADA-Assisted Large Battery Operation Optimization for Distribution Feeder Peak Load Shaving

Taylor

Akhavan-Hejazi

Cortez³

et al. 2019

IEEE Trans. Smart Grid

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Abstract-Built upon real-world SCADA and other measurements of a featured utility-scale testbed, this paper addresses the participation of customer side battery energy storage in providing peak load shaving at a 12.47 kV distribution feeder. A stochastic optimization-based battery operation framework is developed that enables feeder load peak shaving under offline (day-ahead) as well as online (close-to-real-time) control settings. Both designs work through establishing a secured communications line to the utility's feeder-level SCADA system. Multiple field experiments are conducted, including a full day test with complete control of a 1 MWh / 200 kW battery system, as well as various numerical assessments based upon one year of real feeder data.

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“…The profitability of private investment in storage units has been analyzed and demonstrated in [13]. The work in [4] establishes that the economic feasibility of investing in BESS can only be guaranteed if the VPP participates in some ancillary services (secondary reserve market).…”

Section: Bibliographymentioning

confidence: 99%

On optimal participation in the electricity markets of wind power plants with battery energy storage systems

Heredia

Cuadrado

Corchero

2018

Computers & Operations Research

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The recent cost reduction and technological advances in medium-to large-scale Battery Energy Storage Systems (BESS) makes these devices a true alternative for wind producers operating in electricity markets. Associating a wind power farm with a BESS (the so-called Virtual Power Plant (VPP)) provides utilities with a tool that converts uncertain wind power production into a dispatchable technology that can operate not only in spot and adjustment markets (day-ahead and intraday markets) but also in ancillary services markets that, up to now, were forbidden to non-dispatchable technologies. What is more, recent studies have shown capital cost investment in BESS can be recovered only by means of such a VPP participating in the ancillary services markets. We present in this study a multistage stochastic programming model to find the optimal operation of a VPP in the day-ahead, intraday and secondary reserve markets while taking into account uncertainty in wind power generation and clearing prices (day-ahead, secondary reserve, intraday markets and system imbalances). A case study with real data from the Iberian Electricity Market is presented.

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Optimal Operation of Independent Storage Systems in Energy and Reserve Markets With High Wind Penetration

Cited by 203 publications

References 19 publications

Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life

Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life

Customer-Side SCADA-Assisted Large Battery Operation Optimization for Distribution Feeder Peak Load Shaving

On optimal participation in the electricity markets of wind power plants with battery energy storage systems

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