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Optimization of Decentralized Energy Storage Flexibility for Frequency Reserves
Department of Electrical Engineering and Automation, Aalto University, Espoo.
Department of Electrical Engineering and Automation, Aalto University School of Electrical Engineering, Espoo.
Department of Electrical Engineering and Automation, Aalto University, Espoo.
Department of Electrical Engineering and Automation, Aalto University School of Electrical Engineering, Espoo.
2016 (English)In: Annual Conference of the IEEE Industrial Electronics Society, IECON 2015: Yokohama, Japan, 9-12 Nov. 2015, Piscataway, NJ: IEEE Communications Society, 2016, 2219-2224 p.Conference paper (Refereed)
Abstract [en]

This paper presents a cost optimization scheme for an electricity aggregator. The aggregator schedules the charging of the energy storages of its aggregated group of consumers to minimize the hourly spot market costs, while simultaneously maximizing its potential for participation in the reserve market. The optimization is formulated as a distributed iterative algorithm and its performance on the day-ahead and regulating power markets are evaluated based on simulations using actual market data. It was shown that increasing the consumption flexibility increased the overall profits markedly, while increasing their variance, up to a point

Place, publisher, year, edition, pages
Piscataway, NJ: IEEE Communications Society, 2016. 2219-2224 p.
Keyword [en]
Information technology - Automatic control
Keyword [sv]
Informationsteknik - Reglerteknik
Research subject
Dependable Communication and Computation Systems
Identifiers
URN: urn:nbn:se:ltu:diva-40059DOI: 10.1109/IECON.2015.7392317Local ID: f08c2afe-d9c8-4569-a325-e1dc65f8cb0aISBN: 978-1-4799-1762-4 (PDF)OAI: oai:DiVA.org:ltu-40059DiVA: diva2:1013582
Conference
Annual Conference of the IEEE Industrial Electronics Society : 09/11/2015 - 12/11/2015
Note
Upprättat; 2016; 20160617 (andbra)Available from: 2016-10-03 Created: 2016-10-03

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Vyatkin, Valeriy

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