Abstract
Energy storage is recently attracting greater interests as an another enabling technology for renewable integration in addition to flexible loads. In this paper, the optimal utilization of flexibility from both flexible loads and energy storage through price coordination is considered. In particular, a new transactive coordination is proposed to solve this problem through day-ahead scheduling. Both flexible loads and energy storage are treated as the participants along with generators in a day-ahead market with their own private and distinct objectives. An iterative market clearing method is developed to determine the day-ahead hourly locational marginal prices (LMPs), which takes into account the power flow constraints imposed by network interconnections. The simulation studies demonstrates the benefits of incorporating the flexibility of energy storage into the day-ahead scheduling.
| Original language | English |
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| Title of host publication | 2019 IEEE Power and Energy Society General Meeting, PESGM 2019 |
| Publisher | IEEE Computer Society |
| ISBN (Electronic) | 9781728119816 |
| DOIs | |
| State | Published - Aug 2019 |
| Event | 2019 IEEE Power and Energy Society General Meeting, PESGM 2019 - Atlanta, United States Duration: Aug 4 2019 → Aug 8 2019 |
Publication series
| Name | IEEE Power and Energy Society General Meeting |
|---|---|
| Volume | 2019-August |
| ISSN (Print) | 1944-9925 |
| ISSN (Electronic) | 1944-9933 |
Conference
| Conference | 2019 IEEE Power and Energy Society General Meeting, PESGM 2019 |
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| Country/Territory | United States |
| City | Atlanta |
| Period | 08/4/19 → 08/8/19 |
Funding
The work herein was supported by the Transactive Systems program at the Pacific Northwest National Laboratory (PNNL) funded by the U.S. Department of Energy. PNNL is operated for the U.S. Department of Energy by Battelle Memorial Institute under Contract DE-AC05-76RL01830. bCorresponding author: Jianming Lian ([email protected]).