Optimal Scheduling of Multiple Energy Storage-Thermal Power Units under Electricity Market

Aiming at the increasing burden of power system peaking caused by the integration of large-scale new energy generation into the grid and the imperfect participation mechanisms for peaking entities in the power market, this paper proposes an optimal dispatch method for multiple storage and thermal power units. Firstly, to reduce the impact of the volatility of new energy generation on system peaking, the planned market trading power of new energy is optimally allocated with the goal of minimizing the net load on the grid. Secondly, a multi-storage lease transaction mechanism and an energy storage lease declaration model based on the whole life cycle cost are designed, and the charging and discharging power of individual storage units is optimized with the objective of maximizing revenue from multi-storage leasing. Finally, typical daily data are selected and simulated in the improved IEEE 30-bus system. The results show that the proposed method reduces the curtailment rate of new energy and effectively improves the economic efficiency of peaking for power market entities.

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Publication Details

Published
2024-08-29
DOI
https://doi.org/10.1109/neessc62857.2024.10733458
Citations
1
Primary Topic
Power Systems and Renewable Energy
Type
article
Field-Weighted Citation Impact
0.17

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Optimal Scheduling of Multiple Energy Storage-Thermal Power Units under Electricity Market

Shuguang Xu, Junhui Li, Xingxu Zhu, Jiyue Fu et al.
1 citations
Power Systems and Renewable Energy
0.17
article

Optimal Scheduling of Multiple Energy Storage-Thermal Power Units under Electricity Market

Shuguang Xu, Junhui Li, Xingxu Zhu, Jiyue Fu, Baoju Li, Xiaobiao Fu, Cuiping Li, Yao Wang
article en
1 citations

Abstract

Aiming at the increasing burden of power system peaking caused by the integration of large-scale new energy generation into the grid and the imperfect participation mechanisms for peaking entities in the power market, this paper proposes an optimal dispatch method for multiple storage and thermal power units. Firstly, to reduce the impact of the volatility of new energy generation on system peaking, the planned market trading power of new energy is optimally allocated with the goal of minimizing the net load on the grid. Secondly, a multi-storage lease transaction mechanism and an energy storage lease declaration model based on the whole life cycle cost are designed, and the charging and discharging power of individual storage units is optimized with the objective of maximizing revenue from multi-storage leasing. Finally, typical daily data are selected and simulated in the improved IEEE 30-bus system. The results show that the proposed method reduces the curtailment rate of new energy and effectively improves the economic efficiency of peaking for power market entities.

North China Electric Power University (CN), Northeast Electric Power University (CN), Jilin Electric Power Research Institute (China) (CN)
Science and Technology Project of State Grid
Affordable and clean energy
Openalex Percentile: Top 44%
Power Systems and Renewable Energy
0.17
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