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Evaluating the Contribution of Energy Storages to Support Renewable Integrations

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Advances in Energy Systems Engineering

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Abstract

Energy storage systems (ESSs) are one kind of advances in energy systems engineering and of great value to realize energy management and to support renewable generation. The combined operation of ESSs and renewables is one way to achieve output levelling and to improve the integration of sustainable energy. However, in a market-based environment, ESSs would make strategic decisions on self-schedules and arbitrage in energy and ancillary service markets, maximizing the overall profits. Will the strategic operation of ESSs promote renewable generation integration? To explicitly answer this question, this chapter proposes a multi-period Nash-Cournot equilibrium model for joint energy and ancillary service markets to evaluate the contribution of the ESSs for supporting renewable generation. Then, a reformulation approach based on the potential function is proposed, which can transform the bi-level equilibrium model into an integrated single-level optimization problem to enhance the computation efficiency. Numerical examples are implemented to validate the effectiveness of the reformulation technique. The results of the case study indicate that the ESSs indirectly but substantially provide improved flexibilities while pursuing individual profit maximization.

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Authors and Affiliations

  1. Department of Electrical Engineering, State Key Lab of Power Systems, Tsinghua University, Beijing, 100084, China

    Qixin Chen, Peng Zou, Qing Xia & Chongqing Kang

Authors
  1. Qixin Chen
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  2. Peng Zou
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  3. Qing Xia
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  4. Chongqing Kang
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Correspondence to Qixin Chen .

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Editors and Affiliations

  1. Cranfield University, Bedfordshire, United Kingdom

    Georgios M. Kopanos

  2. Tsinghua University, Beijing, China

    Pei Liu

  3. Aristotle University of Thessaloniki, Thessaloniki, Greece

    Michael C. Georgiadis

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Chen, Q., Zou, P., Xia, Q., Kang, C. (2017). Evaluating the Contribution of Energy Storages to Support Renewable Integrations. In: Kopanos, G., Liu, P., Georgiadis, M. (eds) Advances in Energy Systems Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-42803-1_8

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  • DOI: https://doi.org/10.1007/978-3-319-42803-1_8

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-42802-4

  • Online ISBN: 978-3-319-42803-1

  • eBook Packages: EnergyEnergy (R0)

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