Economic Dispatch of Electric Energy Storage with Multi-service Provision

Shi You, Chresten Træholt, Bjarne Poulsen

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Abstract

This paper develops a generic optimization model that explores the difficulty met by Electric Energy Storage (EES) systems when economic dispatch for multiple-service provision is requested. Such a model is further used to investigate the economic performance of an EES system which meets the 10-minute balancing requirement and hourly load shifting opportunities in the Western Electricity Coordinating Council (WECC) area for a 2030 load scenario. Piecewise linear equations are used to represent the cost function of varying load. The results show that when EES is economically dispatched, to achieve multiple value streams could result in more saving than to provide single service.
Original languageEnglish
Title of host publicationIPEC, 2010 Conference Proceedings
PublisherIEEE
Publication date2011
ISBN (Print)978-1-4244-7399-1
DOIs
Publication statusPublished - 2011
EventThe 9. International Power and Energy Conference - Singapore
Duration: 1 Jan 2010 → …
Conference number: 9

Conference

ConferenceThe 9. International Power and Energy Conference
Number9
CitySingapore
Period01/01/2010 → …

Bibliographical note

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Keywords

  • Electric Energy Storage
  • Multiservice
  • Economic dispatch

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