Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market
To evaluate the operation value of electrochemical energy storage and pumped storage participating in the power market, clarify the cost-benefit mechanism of energy storage, and promote the development and application of the energy storage business model, this paper constructs a joint clearing optim...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | zho |
| Published: |
State Grid Energy Research Institute
2023-07-01
|
| Series: | Zhongguo dianli |
| Subjects: | |
| Online Access: | https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202209015 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850037522254528512 |
|---|---|
| author | Yi LIN Wei LIN Wei WU Yuewen JIANG Azhu LIN |
| author_facet | Yi LIN Wei LIN Wei WU Yuewen JIANG Azhu LIN |
| author_sort | Yi LIN |
| collection | DOAJ |
| description | To evaluate the operation value of electrochemical energy storage and pumped storage participating in the power market, clarify the cost-benefit mechanism of energy storage, and promote the development and application of the energy storage business model, this paper constructs a joint clearing optimization model of power market, frequency regulation market and reserve market, and applies the electrochemical energy storage and pumped storage to the joint market as the dispatching management tools of the market operators. According to the changes in the total market cost and the daily operating cost of energy storage before and after the participation of energy storage in the joint market, the operational values of energy storage in the joint market is quantitatively compared. The impacts of the two types of energy storage on the market clearing price and the main factors affecting the operational value of energy storage are analyzed through a case study, so as to provide reference for the planning, construction and operation of energy storage. |
| format | Article |
| id | doaj-art-558892e2d9e14b6892ca58fd470d07e3 |
| institution | DOAJ |
| issn | 1004-9649 |
| language | zho |
| publishDate | 2023-07-01 |
| publisher | State Grid Energy Research Institute |
| record_format | Article |
| series | Zhongguo dianli |
| spelling | doaj-art-558892e2d9e14b6892ca58fd470d07e32025-08-20T02:56:51ZzhoState Grid Energy Research InstituteZhongguo dianli1004-96492023-07-0156717518510.11930/j.issn.1004-9649.202209015zgdl-56-7-liuyiAnalysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint MarketYi LIN0Wei LIN1Wei WU2Yuewen JIANG3Azhu LIN4State Grid Fujian Economic Research Institute, Fuzhou 350012, ChinaState Grid Fujian Economic Research Institute, Fuzhou 350012, ChinaState Grid Fujian Economic Research Institute, Fuzhou 350012, ChinaCollege of Electrical Engineering and Automation, Fuzhou University, Fuzhou 350108, ChinaCollege of Electrical Engineering and Automation, Fuzhou University, Fuzhou 350108, ChinaTo evaluate the operation value of electrochemical energy storage and pumped storage participating in the power market, clarify the cost-benefit mechanism of energy storage, and promote the development and application of the energy storage business model, this paper constructs a joint clearing optimization model of power market, frequency regulation market and reserve market, and applies the electrochemical energy storage and pumped storage to the joint market as the dispatching management tools of the market operators. According to the changes in the total market cost and the daily operating cost of energy storage before and after the participation of energy storage in the joint market, the operational values of energy storage in the joint market is quantitatively compared. The impacts of the two types of energy storage on the market clearing price and the main factors affecting the operational value of energy storage are analyzed through a case study, so as to provide reference for the planning, construction and operation of energy storage.https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202209015electrochemical energy storagepumped storageoperation value of energy storageelectric energy marketfrequency regulation marketreserve marketjoint clearing |
| spellingShingle | Yi LIN Wei LIN Wei WU Yuewen JIANG Azhu LIN Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market Zhongguo dianli electrochemical energy storage pumped storage operation value of energy storage electric energy market frequency regulation market reserve market joint clearing |
| title | Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market |
| title_full | Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market |
| title_fullStr | Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market |
| title_full_unstemmed | Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market |
| title_short | Analysis on Operation Value of Electrochemical Energy Storage and Pumped Storage Participating in a Joint Market |
| title_sort | analysis on operation value of electrochemical energy storage and pumped storage participating in a joint market |
| topic | electrochemical energy storage pumped storage operation value of energy storage electric energy market frequency regulation market reserve market joint clearing |
| url | https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202209015 |
| work_keys_str_mv | AT yilin analysisonoperationvalueofelectrochemicalenergystorageandpumpedstorageparticipatinginajointmarket AT weilin analysisonoperationvalueofelectrochemicalenergystorageandpumpedstorageparticipatinginajointmarket AT weiwu analysisonoperationvalueofelectrochemicalenergystorageandpumpedstorageparticipatinginajointmarket AT yuewenjiang analysisonoperationvalueofelectrochemicalenergystorageandpumpedstorageparticipatinginajointmarket AT azhulin analysisonoperationvalueofelectrochemicalenergystorageandpumpedstorageparticipatinginajointmarket |