Optimal Economic Operation Model for “Wind-Solar-Thermal-Storage” Energy Bases Considering Peaking Auxiliary Service Cost Sharing

The large-scale grid connection of renewable energy has led to increased pressure on deep peaking during the valley load period. Peaking thermal power units and energy storage systems (ESS) appear to have low motivation to participate in the peaking market. Therefore, the strategy considers the correction of power factor, cost factor, peaking willingness factor, and redistributes the payment costs of renewable energy (RE) and conventional thermal power units (TPU). Then, the optimal economic operation model for"wind-solar-thermal-storage"energy bases considering peaking auxiliary service cost sharing is developed with minimizing the system operating cost. Finally, the results show that compensation cost sharing strategy can increase the total benefits of energy storage, improve the allocation of peaking resources in the market, and increase the enthusiasm and initiative of thermal power units.

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Publication Details

Published
2024-09-20
DOI
https://doi.org/10.1109/epee63731.2024.10875479
Primary Topic
Power Systems and Renewable Energy
Type
article
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article

Optimal Economic Operation Model for “Wind-Solar-Thermal-Storage” Energy Bases Considering Peaking Auxiliary Service Cost Sharing

Xingang Wang, Yizheng Li, Qiliang Wu, Lang Zhao et al.
Power Systems and Renewable Energy
article

Optimal Economic Operation Model for “Wind-Solar-Thermal-Storage” Energy Bases Considering Peaking Auxiliary Service Cost Sharing

Xingang Wang, Yizheng Li, Qiliang Wu, Lang Zhao, Hongyang Liu, Lu Wang, Xueying Wang
article en

Abstract

The large-scale grid connection of renewable energy has led to increased pressure on deep peaking during the valley load period. Peaking thermal power units and energy storage systems (ESS) appear to have low motivation to participate in the peaking market. Therefore, the strategy considers the correction of power factor, cost factor, peaking willingness factor, and redistributes the payment costs of renewable energy (RE) and conventional thermal power units (TPU). Then, the optimal economic operation model for"wind-solar-thermal-storage"energy bases considering peaking auxiliary service cost sharing is developed with minimizing the system operating cost. Finally, the results show that compensation cost sharing strategy can increase the total benefits of energy storage, improve the allocation of peaking resources in the market, and increase the enthusiasm and initiative of thermal power units.

State Grid Corporation of China (China) (CN), Inner Mongolia Electric Power (China) (CN), Hunan Xiangdian Test Research Institute (China) (CN), State Grid Hunan Electric Power Company Limited (CN)
Affordable and clean energy
Openalex Percentile: Top 69%
Power Systems and Renewable Energy
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