Aggregate regulation strategy of distributed energy storage under power
Abstract The reform of power spot market in China provides a new profit mode, determining energy trading strategy based on the power spot prices for distributed energy
Aggregate regulation strategy of distributed energy storage under power
1 INTRODUCTION. With the continuous advancement of China''s power market reform [], the power market in the southern region (starting with Guangdong) officially entered
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6 FAQs about [Energy storage power spot]
Can power spot market regulation guarantee economic profits of distributed energy storages?
Finally, case studies under multiple scenarios of power spot market verify that the regulation mode and strategy can effectively guarantee the economic profits of distributed energy storages by setting aggregation groups and reasonable risk preference coefficients.
Why are energy storage technologies important?
Energy storage technologies have been recognized as an important component of future power systems due to their capacity for enhancing the electricity grid's flexibility, reliability, and efficiency. They are accepted as a key answer to numerous challenges facing power markets, including decarbonization, price volatility, and supply security.
Can distributed energy storages participate in energy trading through aggregation?
However, individually accessing every distributed energy storage to the dispatch centre results in a high cost and low efficiency, which needs to be improved by connecting through the aggregator. To this end, this paper proposes a regulation mode and strategy for distributed energy storages participating in energy trading through aggregation.
What are the benefits of energy storage systems?
The deployment of energy storage systems (ESS) can also create new business opportunities, support economic growth, and enhance the competitiveness of the power market. There are several ESS used at a grid or local level such as pumped hydroelectric storage (PHES), passive thermal storage, and battery units [, , ].
How can storage technologies be efficiently allocated within a power system?
Krishnan and Das (2015) put forth conceptual frameworks aimed at efficiently allocating storage technologies within a power system . These frameworks consider the possible benefits obtained from exploiting price differentials through trading within an electricity market that is co-optimized.
How does energy storage affect investment in power generation?
Energy storage can affect investment in power generation by reducing the need for peaker plants and transmission and distribution upgrades, thereby lowering the overall cost of electricity generation and delivery.