Economic Dispatch of Electric Energy Storage with Multi-service Provision

Shi You; Chresten Træholt; Bjarne Poulsen

doi:10.1109/IPECON.2010.5697052

Economic Dispatch of Electric Energy Storage with Multi-service Provision

Shi You
, Chresten Træholt
, Bjarne Poulsen

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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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 language	English
Title of host publication	IPEC, 2010 Conference Proceedings
Publisher	IEEE
Publication date	2011
ISBN (Print)	978-1-4244-7399-1
DOIs	https://doi.org/10.1109/IPECON.2010.5697052
Publication status	Published - 2011
Event	The 9. International Power and Energy Conference - Singapore Duration: 1 Jan 2010 → … Conference number: 9

Conference

Conference	The 9. International Power and Energy Conference
Number	9
City	Singapore
Period	01/01/2010 → …

Bibliographical note

Copyright 2010 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.

Keywords

Electric Energy Storage
Multiservice
Economic dispatch

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title = "Economic Dispatch of Electric Energy Storage with Multi-service Provision",

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.",

keywords = "Electric Energy Storage, Multiservice, Economic dispatch",

author = "Shi You and Chresten Tr{\ae}holt and Bjarne Poulsen",

note = "Copyright 2010 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.; The 9. International Power and Energy Conference, IPEC2010 ; Conference date: 01-01-2010",

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N2 - 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.

AB - 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.

KW - Electric Energy Storage

KW - Multiservice

KW - Economic dispatch

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DO - 10.1109/IPECON.2010.5697052

M3 - Article in proceedings

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BT - IPEC, 2010 Conference Proceedings

PB - IEEE

T2 - The 9. International Power and Energy Conference

Y2 - 1 January 2010

ER -

Economic Dispatch of Electric Energy Storage with Multi-service Provision

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