Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , |
Tipo de documento: | Artigo de conferência |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UNESP |
Texto Completo: | http://dx.doi.org/10.1109/TDC-LA.2018.8511649 http://hdl.handle.net/11449/189911 |
Resumo: | Stationary energy storage systems (ESSs) are becoming a prominent option to support the power grid via ancillary services. For instance, transmission system operators (TSOs) can take advantage of the fast control capabilities of stationary ESSs to implement primary frequency regulation. However, capital costs are directly related to the battery energy capacity and the power rate of the charger. Thus, from the perspective of the ESS owner, the higher the ESS capacity is, the more expensive the initial investments result. Based on historical frequencies and given a regulation market, this paper proposes a multi-objective approach to determine the optimal size and objective state of charge of an stationary ESS participating in primary frequency regulation. The proposed optimization method is a flexible enumerative approach that, given a set of market rules and an investment cost function, returns the optimal Pareto front of the problem. The Pareto front is a suitable multiobjective optimization method that shows the trade-off between conflicting objective functions: capital cost and availability/profit. Using the regulation market structure of one of the largest TSOs in USA (PJM interconnection), simulations demonstrate that the proposed approach is a flexible and practical decision-making tool, that investors can exploit when designing their ESS to participate in primary frequency regulation markets. |
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Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation MarketsESS sizingfrequency regulationmulti-objective approachpareto frontierstationary energy storage systemsStationary energy storage systems (ESSs) are becoming a prominent option to support the power grid via ancillary services. For instance, transmission system operators (TSOs) can take advantage of the fast control capabilities of stationary ESSs to implement primary frequency regulation. However, capital costs are directly related to the battery energy capacity and the power rate of the charger. Thus, from the perspective of the ESS owner, the higher the ESS capacity is, the more expensive the initial investments result. Based on historical frequencies and given a regulation market, this paper proposes a multi-objective approach to determine the optimal size and objective state of charge of an stationary ESS participating in primary frequency regulation. The proposed optimization method is a flexible enumerative approach that, given a set of market rules and an investment cost function, returns the optimal Pareto front of the problem. The Pareto front is a suitable multiobjective optimization method that shows the trade-off between conflicting objective functions: capital cost and availability/profit. Using the regulation market structure of one of the largest TSOs in USA (PJM interconnection), simulations demonstrate that the proposed approach is a flexible and practical decision-making tool, that investors can exploit when designing their ESS to participate in primary frequency regulation markets.School of Engineering of Ilha Solteira São Paulo State University (UNESP) Ilha SolteiraSchool of Electrical and Computing of Engineering University of Campinas (UNICAMP) CampinasSchool of Engineering of Ilha Solteira São Paulo State University (UNESP) Ilha SolteiraUniversidade Estadual Paulista (Unesp)Universidade Estadual de Campinas (UNICAMP)Arias, Nataly Banol [UNESP]Romero, Ruben [UNESP]Lopez, Juan CamiloRider, Marcos J.2019-10-06T16:56:17Z2019-10-06T16:56:17Z2018-10-26info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjecthttp://dx.doi.org/10.1109/TDC-LA.2018.8511649Proceedings of the 2018 IEEE PES Transmission and Distribution Conference and Exhibition - Latin America, T and D-LA 2018.http://hdl.handle.net/11449/18991110.1109/TDC-LA.2018.85116492-s2.0-85057053129Scopusreponame:Repositório Institucional da UNESPinstname:Universidade Estadual Paulista (UNESP)instacron:UNESPengProceedings of the 2018 IEEE PES Transmission and Distribution Conference and Exhibition - Latin America, T and D-LA 2018info:eu-repo/semantics/openAccess2024-07-04T19:11:49Zoai:repositorio.unesp.br:11449/189911Repositório InstitucionalPUBhttp://repositorio.unesp.br/oai/requestopendoar:29462024-08-05T21:06:13.267679Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)false |
dc.title.none.fl_str_mv |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
title |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
spellingShingle |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets Arias, Nataly Banol [UNESP] ESS sizing frequency regulation multi-objective approach pareto frontier stationary energy storage systems |
title_short |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
title_full |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
title_fullStr |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
title_full_unstemmed |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
title_sort |
Optimal Sizing of Stationary Energy Storage Systems Participating in Primary Frequency Regulation Markets |
author |
Arias, Nataly Banol [UNESP] |
author_facet |
Arias, Nataly Banol [UNESP] Romero, Ruben [UNESP] Lopez, Juan Camilo Rider, Marcos J. |
author_role |
author |
author2 |
Romero, Ruben [UNESP] Lopez, Juan Camilo Rider, Marcos J. |
author2_role |
author author author |
dc.contributor.none.fl_str_mv |
Universidade Estadual Paulista (Unesp) Universidade Estadual de Campinas (UNICAMP) |
dc.contributor.author.fl_str_mv |
Arias, Nataly Banol [UNESP] Romero, Ruben [UNESP] Lopez, Juan Camilo Rider, Marcos J. |
dc.subject.por.fl_str_mv |
ESS sizing frequency regulation multi-objective approach pareto frontier stationary energy storage systems |
topic |
ESS sizing frequency regulation multi-objective approach pareto frontier stationary energy storage systems |
description |
Stationary energy storage systems (ESSs) are becoming a prominent option to support the power grid via ancillary services. For instance, transmission system operators (TSOs) can take advantage of the fast control capabilities of stationary ESSs to implement primary frequency regulation. However, capital costs are directly related to the battery energy capacity and the power rate of the charger. Thus, from the perspective of the ESS owner, the higher the ESS capacity is, the more expensive the initial investments result. Based on historical frequencies and given a regulation market, this paper proposes a multi-objective approach to determine the optimal size and objective state of charge of an stationary ESS participating in primary frequency regulation. The proposed optimization method is a flexible enumerative approach that, given a set of market rules and an investment cost function, returns the optimal Pareto front of the problem. The Pareto front is a suitable multiobjective optimization method that shows the trade-off between conflicting objective functions: capital cost and availability/profit. Using the regulation market structure of one of the largest TSOs in USA (PJM interconnection), simulations demonstrate that the proposed approach is a flexible and practical decision-making tool, that investors can exploit when designing their ESS to participate in primary frequency regulation markets. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-10-26 2019-10-06T16:56:17Z 2019-10-06T16:56:17Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/conferenceObject |
format |
conferenceObject |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://dx.doi.org/10.1109/TDC-LA.2018.8511649 Proceedings of the 2018 IEEE PES Transmission and Distribution Conference and Exhibition - Latin America, T and D-LA 2018. http://hdl.handle.net/11449/189911 10.1109/TDC-LA.2018.8511649 2-s2.0-85057053129 |
url |
http://dx.doi.org/10.1109/TDC-LA.2018.8511649 http://hdl.handle.net/11449/189911 |
identifier_str_mv |
Proceedings of the 2018 IEEE PES Transmission and Distribution Conference and Exhibition - Latin America, T and D-LA 2018. 10.1109/TDC-LA.2018.8511649 2-s2.0-85057053129 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Proceedings of the 2018 IEEE PES Transmission and Distribution Conference and Exhibition - Latin America, T and D-LA 2018 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
Scopus reponame:Repositório Institucional da UNESP instname:Universidade Estadual Paulista (UNESP) instacron:UNESP |
instname_str |
Universidade Estadual Paulista (UNESP) |
instacron_str |
UNESP |
institution |
UNESP |
reponame_str |
Repositório Institucional da UNESP |
collection |
Repositório Institucional da UNESP |
repository.name.fl_str_mv |
Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP) |
repository.mail.fl_str_mv |
|
_version_ |
1808129284616749056 |