Economic Analysis of the Energy Storage Systems for Frequency Regulation
This paper analyzes the cost and the potential economic benefit of various energy storages that can provide frequency regulation, and then, discusses the constructure of the
This paper develops a three-step process to assess the resource-adequacy contribution of energy storage that provides frequency regulation. First, we use discretized stochastic dynamic optimization to derive decision policies that tradeoff between different energy-storage applications.
The frequency regulation power optimization framework for multiple resources is proposed. The cost, revenue, and performance indicators of hybrid energy storage during the regulation process are analyzed. The comprehensive efficiency evaluation system of energy storage by evaluating and weighing methods is established.
With the rapid expansion of new energy, there is an urgent need to enhance the frequency stability of the power system. The energy storage (ES) stations make it possible effectively. However, the frequency regulation (FR) demand distribution ignores the influence caused by various resources with different characteristics in traditional strategies.
Numerous studies have investigated control strategies that enable distributed energy resources (DERs), such as wind turbines, photovoltaic systems, and energy storage, to contribute to primary frequency regulation.
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