11,635 research outputs found
Spatiotemporal Arbitrage of Large-Scale Portable Energy Storage for Grid Congestion Relief
Energy storage has great potential in grid congestion relief. By making
large-scale energy storage portable through trucking, its capability to address
grid congestion can be greatly enhanced. This paper explores a business model
of large-scale portable energy storage for spatiotemporal arbitrage over nodes
with congestion. We propose a spatiotemporal arbitrage model to determine the
optimal operation and transportation schedules of portable storage. To validate
the business model, we simulate the schedules of a Tesla Semi full of Tesla
Powerpack doing arbitrage over two nodes in California with local transmission
congestion. The results indicate that the contributions of portable storage to
congestion relief are much greater than that of stationary storage, and that
trucking storage can bring net profit in energy arbitrage applications.Comment: Submitted to IEEE PES GM 2019; 5 pages,4 figure
Evaluation of Battery Storage to Provide Virtual Transmission Service
An immediate need in the transmission system is to find alternative solutions
that improve system operation and defer the need for new transmission lines.
This study comprehensively evaluates the performance and economic benefits of
using battery energy storage systems (BESS) as virtual transmission (VT) to
promote power transfer cross distant regions. Specifically, this work
implements various day-ahead energy scheduling models to analyze the impact of
VT on system operation cost, network congestion, model computational time, and
market performance. The performance of VT is compared with three alternative
network congestion mitigation methods, including building new high-voltage
physical transmission lines, cost-driven battery energy storage systems, and
network reconfiguration, as well as combinations of two of aforementioned
methods. The benchmark day-ahead scheduling model is a traditional
security-constrained unit commitment model without system upgrades or other
network congestion mitigation. Numerical simulations conducted on the IEEE
24-bus system demonstrate that among all the examined schemes, VT is the only
one comparable to physical transmission lines that can provide satisfying
congestion relief and operation cost reduction without sacrificing computing
time and load payment significantly
Optimal Scheduling of Energy Storage for Energy Shifting and Ancillary Services to the Grid
This thesis is mainly focused on developing optimization-based models for scheduling of energy storage units. At first, a real-time optimal scheduling algorithm is developed seeking to maximize the storage revenue by exploiting arbitrage opportunities available due to the inter-temporal variation of electricity prices. The electricity price modulation is proposed as an approach to competitively offer incentive by the utility regulator to storage to fill the gap between current and a stable rate of return. Subsequently, the application of large-scale storage for congestion relief in transmission systems as an ancillary service to the grid is investigated. An algorithm is proposed for the following objectives: (i) to generate revenue primarily by exploiting electricity price arbitrage opportunities and (ii) to optimally prepare the storage to maximize its contribution to transmission congestion relief. In addition, an algorithm is proposed to enable independently operated, locally controlled storage to accept dispatch instructions issued by Independent System Operators (ISOs). While the operation of locally controlled storage is optimally scheduled at the owner’s end, using the proposed algorithm, storage is fully dispatchable at the ISO’s end. Finally, a model is proposed and analyzed to aggregate storage benefits for a large-scale load. The complete model for optimal operation of storage-based electrical loads considering both the capital and operating expenditures of storage is developed. The applications of the proposed algorithms and models are examined using real-world market data adopted from Ontario’s electricity market and actual load information from a large-scale institutional electricity consumer in Ontario
Shift factor-based SCOPF topology control MIP formulations with substation configurations
Topology control (TC) is an effective tool for managing congestion, contingency events, and overload control. The majority of TC research has focused on line and transformer switching. Substation reconfiguration is an additional TC action, which consists of opening or closing breakers not in series with lines or transformers. Some reconfiguration actions can be simpler to implement than branch opening, seen as a less invasive action. This paper introduces two formulations that incorporate substation reconfiguration with branch opening in a unified TC framework. The first method starts from a topology with all candidate breakers open, and breaker closing is emulated and optimized using virtual transactions. The second method takes the opposite approach, starting from a fully closed topology and optimizing breaker openings. We provide a theoretical framework for both methods and formulate security-constrained shift factor MIP TC formulations that incorporate both breaker and branch switching. By maintaining the shift factor formulation, we take advantage of its compactness, especially in the context of contingency constraints, and by focusing on reconfiguring substations, we hope to provide system operators additional flexibility in their TC decision processes. Simulation results on a subarea of PJM illustrate the application of the two formulations to realistic systems.The work was supported in part by the Advanced Research Projects Agency-Energy, U.S. Department of Energy, under Grant DE-AR0000223 and in part by the U.S. National Science Foundation Emerging Frontiers in Research and Innovation under Grant 1038230. Paper no. TPWRS-01497-2015. (DE-AR0000223 - Advanced Research Projects Agency-Energy, U.S. Department of Energy; 1038230 - U.S. National Science Foundation Emerging Frontiers in Research and Innovation)http://buprimo.hosted.exlibrisgroup.com/primo_library/libweb/action/openurl?date=2017&issue=2&isSerivcesPage=true&spage=1179&dscnt=2&url_ctx_fmt=null&vid=BU&volume=32&institution=bosu&issn=0885-8950&id=doi:10.1109/TPWRS.2016.2574324&dstmp=1522778516872&fromLogin=truePublished versio
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Nordic Electricity Congestion's Arrangement as a Model for Europe: Physical Constraints or Operators' Opportunity
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The Role of Domestic Integrated Battery Energy Storage Systems for Electricity Network Performance Enhancement
Low carbon technologies are necessary to address global warming issues through electricity decabonisation, but their large-scale integration challenges the stability and security of electricity supply. Energy storage can support this transition by bringing flexibility to the grid but since it represents high capital investments, the right choices must be made in terms of the technology and the location point in the network. Most of the potential for storage is achieved when connected further from the load, and Battery Energy Storage Systems (BESS) are a strong candidate for behind-the-meter integration. This work reviews and evaluates the state-of-the-art development of BESS, analysing the benefits and barriers to a wider range of applications in the domestic sector. Existing modelling tools that are key for a better assessment of the impacts of BESS to the grid are also reviewed. It is shown that the technology exists and has potential for including Electric Vehicle battery reuse, however it is still mostly applied to optimise domestic photovoltaic electricity utilisation. The barriers to a wider integration are financial, economic, technical, as well as market and regulation. Increased field trials and robust numerical modelling should be the next step to gain investment confidence and allow BESS to reach their potential
A Dynamic Incentive Mechanism for Transmission Expansion in Electricity Networks: Theory, Modeling, and Application
We propose a price-cap mechanism for electricity-transmission expansion based on redefining transmission output in terms of financial transmission rights. Our mechanism applies the incentive-regulation logic of rebalancing a two-part tariff. First, we test this mechanism in a three-node network. We show that the mechanism intertemporally promotes an investment pattern that relieves congestion, increases welfare, augments the Transco´s profits, and induces convergence of prices to marginal costs. We then apply the mechanism to a grid of northwestern Europe and show a gradual convergence toward a common-price benchmark, an increase in total capacity, and convergence toward the welfare optimum.Electricity transmission expansion, incentive regulation
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