NDLI: Optimal Allocation of Energy Storage System for Risk Mitigation of DISCOs With High Renewable Penetrations

Content Provider	IEEE Xplore Digital Library
Author	Yu Zheng Zhao Yang Dong Feng Ji Luo Ke Meng Jing Qiu Kit Po Wong
Copyright Year	1969
Abstract	Along with the increasing penetration of renewable energy, distribution system power flow may be significantly altered in terms of direction and magnitude. This will make delivering reliable power, on demand, a major challenge. In this paper, a novel battery energy storage system (BESS) based energy acquisition model is proposed for the operation of distribution companies (DISCOs) in regulating price or locational marginal price (LMP) mechanisms, while considering energy provision options within DISCO controlled areas. Based on this new model, a new battery operation strategy is proposed for better utilization of energy storage system (ESS) and mitigation operational risk from price volatility. Meanwhile, optimal sizing and siting decisions for BESS is obtained through a cost-benefit analysis method, which aims at maximizing the DISCO's profit from energy transactions, system planning and operation cost savings. The proposed energy acquisition model and ESS control strategy are verified on a modified IEEE 15-bus distribution network, and risk mitigation is also quantified in two different markets. The promising results show that the capacity requirement for ESS can be reduced and the operational risk can also be mitigated.
Sponsorship	IEEE Power Engineering Society
Starting Page	212
Ending Page	220
Page Count	9
File Size	1767098
File Format	PDF
ISSN	08858950
Volume Number	29
Issue Number	1
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-01-01
Publisher Place	U.S.A.
Access Restriction	One Nation One Subscription (ONOS)
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Batteries Electricity Real-time systems Renewable energy sources Contracts Resource management renewable energy Control strategy distribution system electricity markets energy storage system
Content Type	Text
Resource Type	Article
Subject	Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
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