Continuous-time Look-Ahead Scheduling of Energy Storage in Regulation Markets

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dc.contributor.authorKhatami, Roohallah
dc.contributor.authorParvania, Masood
dc.contributor.authorKhargonekar, Pramod
dc.date.accessioned2019-01-03T00:17:30Z
dc.date.available2019-01-03T00:17:30Z
dc.date.issued2019-01-08
dc.description.abstractEnergy storage (ES) devices offer valuable flexibility services, including regulation reserve, in power systems operation that could improve the reliability and cost-efficiency of systems with high penetration of renewable energy resources. In this paper, a continuous-time look-ahead regulation capacity scheduling model is proposed, which more accurately models and schedules the regulation capacity trajectories provided by generating units and ES devices in real-time power systems operation. A function space solution method is proposed to reduce the dimensionality of the continuous-time problem by modeling the parameter and decision trajectories in a function space formed by Bernstein polynomials, which converts the continuous-time problem into a linear programming problem. Numerical results, conducted on the IEEE Reliability Test System, show lower operation cost and less regulation scarcity events in real-time power systems operation due to efficient deployment of the ES flexibility in regulation markets.
dc.format.extent9 pages
dc.identifier.doi10.24251/HICSS.2019.435
dc.identifier.isbn978-0-9981331-2-6
dc.identifier.urihttp://hdl.handle.net/10125/59796
dc.language.isoeng
dc.relation.ispartofProceedings of the 52nd Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectPolicy, Markets, and Computation
dc.subjectElectric Energy Systems
dc.subjectcontinuous-time optimization, energy storage, electricity markets, regulation
dc.titleContinuous-time Look-Ahead Scheduling of Energy Storage in Regulation Markets
dc.typeConference Paper
dc.type.dcmiText

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