2018
DOI: 10.1109/tpwrs.2017.2749512
|View full text |Cite
|
Sign up to set email alerts
|

Using Battery Storage for Peak Shaving and Frequency Regulation: Joint Optimization for Superlinear Gains

Abstract: We consider using a battery storage system simultaneously for peak shaving and frequency regulation through a joint optimization framework which captures battery degradation, operational constraints and uncertainties in customer load and regulation signals. Under this framework, using real data we show the electricity bill of users can be reduced by up to 12%. Furthermore, we demonstrate that the saving from joint optimization is often larger than the sum of the optimal savings when the battery is used for the… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1

Citation Types

2
128
0
2

Year Published

2018
2018
2022
2022

Publication Types

Select...
7
2

Relationship

0
9

Authors

Journals

citations
Cited by 329 publications
(143 citation statements)
references
References 21 publications
2
128
0
2
Order By: Relevance
“…Similarly, storage devices have been evaluated using power hardwarein-loop for minimizing losses and voltage fluctuations [28]. The authors in [29], [30] co-optimize storage for arbitrage, peak shaving and frequency regulation. Unlike the described prior work, we discuss storage for co-optimization of arbitrage and power factor correction.…”
Section: A Literature Reviewmentioning
confidence: 99%
“…Similarly, storage devices have been evaluated using power hardwarein-loop for minimizing losses and voltage fluctuations [28]. The authors in [29], [30] co-optimize storage for arbitrage, peak shaving and frequency regulation. Unlike the described prior work, we discuss storage for co-optimization of arbitrage and power factor correction.…”
Section: A Literature Reviewmentioning
confidence: 99%
“…Several references propose specific methods for storage technologies other than BESSs: compressed air energy storage [13], fleets of thermostatically controlled loads [16], or fleets of distributed BESSs [15]. References [16] and [17], besides the formulation of the scheduling problem, describe the real-time control to implement the proposed strategies. References [11], [12], [17] propose a robust optimization approach to deal with uncertainties related to price signals and reserve deployment.…”
Section: B Literature Surveymentioning
confidence: 99%
“…References [16] and [17], besides the formulation of the scheduling problem, describe the real-time control to implement the proposed strategies. References [11], [12], [17] propose a robust optimization approach to deal with uncertainties related to price signals and reserve deployment. Finally [11] analyses how providing multiple services simultaneously affects the BESS life time.…”
Section: B Literature Surveymentioning
confidence: 99%
“…as demand charge (DC) management [2], [3], however, the benefits of the BESS to the utility and to the end users can be far greater. BTM energy storage systems for commercial & industrial (C&I) segments can also be available to generate additional revenues by delivering services such as frequency regulation [4], ramp rate control [5] and PV-utilization [6].…”
Section: Introductionmentioning
confidence: 99%