The operating schedule for battery energy storage companies in electricity market
Data(s) |
01/12/2013
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Resumo |
This paper presents a series of operating schedules for Battery Energy Storage Companies (BESC) to provide peak shaving and spinning reserve services in the electricity markets under increasing wind penetration. As individual market participants, BESC can bid in ancillary services markets in an Independent System Operator (ISO) and contribute towards frequency and voltage support in the grid. Recent development in batteries technologies and availability of the day-ahead spot market prices would make BESC economically feasible. Profit maximization of BESC is achieved by determining the optimum capacity of Energy Storage Systems (ESS) required for meeting spinning reserve requirements as well as peak shaving. Historic spot market prices and frequency deviations from Australia Energy Market Operator (AEMO) are used for numerical simulations and the economic benefits of BESC is considered reflecting various aspects in Australia’s National Electricity Markets (NEM). |
Identificador | |
Publicador |
Springer Link |
Relação |
http://link.springer.com/article/10.1007%2Fs40565-013-0039-6 DOI:10.1007/s40565-013-0039-6 Zhang, Shengqi, Mishra, Yateendra, Ledwich, Gerard, & Xue, Yusheng (2013) The operating schedule for battery energy storage companies in electricity market. Journal of Modern Power Systems and Clean Energy, 1(3), pp. 275-284. |
Fonte |
School of Electrical Engineering & Computer Science; Science & Engineering Faculty |
Palavras-Chave | #090607 Power and Energy Systems Engineering (excl. Renewable Power) #Spinning reserve #Battery energy storage systems #Energy market #Ancillary services market |
Tipo |
Journal Article |