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Managing power imbalance with cloud energy storage in imbalance band market environment
Cited 1 time in
Web of Science
Cited 1 time in Scopus
- Authors
- Issue Date
- 2022-09
- Citation
- IET Generation, Transmission and Distribution, Vol.16 No.17, pp.3522-3538
- Abstract
- Imbalance band market is an alternative to traditional market structures which is proposed to ensure that system frequency remains within acceptable bounds. In an imbalance band market environment, the load-serving entities (LSEs) can purchase bands or reduce the load deviation by operating a battery energy storage system (BESS) to avoid the penalty for causing imbalance. The market concept would be effective in sharing balancing responsibility between a system operator (SO) and load-serving entities. In this study, the authors proposed a planning framework for a load serving entity (LSE) considering cloud energy storage (CES) business as a useful resource in the imbalance band market environment. The term of cloud energy storage is used as a platform that the operator owns and operates the storage, while subscribed clients pay a service fee for requesting charging and discharging operations. The simulation results show that operating cloud energy storage business is economically rational strategy for the LSE. The authors verified that a LSE operating the cloud energy storage business under an imbalance band market environment to pursue its own benefit better performs a part of the balance-maintaining obligation of the SO compared with a LSE not operating the cloud energy storage business.
- ISSN
- 1751-8687
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