TY - GEN
T1 - Cost-benefit Analysis of Grid-Supportive Loads for Fast Frequency Response
AU - Subedi, Sunil
AU - Blonsky, Michael
AU - Son, Yeongrack
AU - Mather, Barry
N1 - Publisher Copyright:
© 2023 IEEE.
PY - 2023
Y1 - 2023
N2 - Flexibility in inverter-based loads could be used to support the converter-dominated power grid by offering a rapid, autonomous, and adjustable power reserve during system transients to help maintain system stability. Based on technical potential, ancillary service (AS) value, and implementation costs, this study illustrates the cost-benefit analysis of grid-supportive loads (GSLs) for the supply of fast frequency response (FFR). The net benefit for each GSL is demonstrated using a case study and relevant data sources. The findings suggest that implementation costs for enabling GSL features are low compared to the value that grid operators get from the acquisition of responsive reserve services. The authors believe that, given the rising popularity of renewable energy sources, GSLs can be a useful tool for grid stability in low-inertia systems.
AB - Flexibility in inverter-based loads could be used to support the converter-dominated power grid by offering a rapid, autonomous, and adjustable power reserve during system transients to help maintain system stability. Based on technical potential, ancillary service (AS) value, and implementation costs, this study illustrates the cost-benefit analysis of grid-supportive loads (GSLs) for the supply of fast frequency response (FFR). The net benefit for each GSL is demonstrated using a case study and relevant data sources. The findings suggest that implementation costs for enabling GSL features are low compared to the value that grid operators get from the acquisition of responsive reserve services. The authors believe that, given the rising popularity of renewable energy sources, GSLs can be a useful tool for grid stability in low-inertia systems.
KW - Cost-benefit
KW - fast frequency response
KW - grid supportive loads
KW - low-inertia
KW - stability
UR - http://www.scopus.com/inward/record.url?scp=85158895190&partnerID=8YFLogxK
U2 - 10.1109/GridEdge54130.2023.10102707
DO - 10.1109/GridEdge54130.2023.10102707
M3 - Conference contribution
AN - SCOPUS:85158895190
T3 - 2023 IEEE PES Grid Edge Technologies Conference and Exposition, Grid Edge 2023
BT - 2023 IEEE PES Grid Edge Technologies Conference and Exposition, Grid Edge 2023
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2023 IEEE PES Grid Edge Technologies Conference and Exposition, Grid Edge 2023
Y2 - 10 April 2023 through 13 April 2023
ER -