Impact of Energy Storage Unit on Power System Economic Dispatch: A Multi-parametric Programming Method and its Implication on Energy Storage Sizing
The energy storage unit (ESU) is helpful for shaving the peak and filling the valley demands, as well as compensating the volatility of renewable generation. The performance mainly depends on the maximum charging/discharging power (in MW) and energy capacity (in MWh). This paper proposes a multi-par...
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| Vydáno v: | Chinese Control Conference s. 1519 - 1523 |
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| Jazyk: | angličtina |
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Technical Committee on Control Theory, Chinese Association of Automation
01.07.2020
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| ISSN: | 1934-1768 |
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| Abstract | The energy storage unit (ESU) is helpful for shaving the peak and filling the valley demands, as well as compensating the volatility of renewable generation. The performance mainly depends on the maximum charging/discharging power (in MW) and energy capacity (in MWh). This paper proposes a multi-parametric linear programming model to investigate and describe the impact of MW/MWh parameters of the energy storage unit on the economic operation of bulk power systems in a geometric manner. By employing duality theory, the optimal value function of the economic dispatch problem is approximated via piecewise linear functions which are convenient for visualization. The optimal value function delivers useful information on energy storage sizing subject to a given budget, which is elaborated as an application of the proposed method. The effectiveness of the model and method is validated via a modified IEEE 39-bus system. |
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| AbstractList | The energy storage unit (ESU) is helpful for shaving the peak and filling the valley demands, as well as compensating the volatility of renewable generation. The performance mainly depends on the maximum charging/discharging power (in MW) and energy capacity (in MWh). This paper proposes a multi-parametric linear programming model to investigate and describe the impact of MW/MWh parameters of the energy storage unit on the economic operation of bulk power systems in a geometric manner. By employing duality theory, the optimal value function of the economic dispatch problem is approximated via piecewise linear functions which are convenient for visualization. The optimal value function delivers useful information on energy storage sizing subject to a given budget, which is elaborated as an application of the proposed method. The effectiveness of the model and method is validated via a modified IEEE 39-bus system. |
| Author | Wu, Danman Fang, Baomin Huang, Shaowei Mei, Shengwei Li, Yanhe |
| Author_xml | – sequence: 1 givenname: Baomin surname: Fang fullname: Fang, Baomin organization: State Grid Qinghai Electric Power Company,Dispatch Control Center,Xining,China – sequence: 2 givenname: Danman surname: Wu fullname: Wu, Danman organization: Tsinghua University,Department of Electrical Engineering,Beijing,P. R. China,100084 – sequence: 3 givenname: Yanhe surname: Li fullname: Li, Yanhe organization: State Grid Qinghai Electric Power Company,Dispatch Control Center,Xining,China – sequence: 4 givenname: Shaowei surname: Huang fullname: Huang, Shaowei organization: Tsinghua University,Department of Electrical Engineering,Beijing,P. R. China,100084 – sequence: 5 givenname: Shengwei surname: Mei fullname: Mei, Shengwei organization: Tsinghua University,Department of Electrical Engineering,Beijing,P. R. China,100084 |
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| Snippet | The energy storage unit (ESU) is helpful for shaving the peak and filling the valley demands, as well as compensating the volatility of renewable generation.... |
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| SubjectTerms | bulk power system economic dispatch Economics Energy storage energy storage unit Load modeling Mathematical model multi-parametric programming Planning Power system economics |
| Title | Impact of Energy Storage Unit on Power System Economic Dispatch: A Multi-parametric Programming Method and its Implication on Energy Storage Sizing |
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