Towards a Unified Operational Value Index of Energy Storage in Smart Grid Environment Academic Article

abstract

• This paper proposes a unified operational value index of energy storage in the smart grid electricity market environment. Given the heterogeneity of many storage service providers enabled by smart grid technologies, this unified value index will allow for comparison across different technology choices. It is also argued that implicit forms of energy storage, such as demand response, should be valued and utilized. A cross-market cooptimization is proposed to maximize the operational value of energy storage under the deregulated electricity market environment. For numerical illustration a case study is conducted in a modified 24-bus IEEE Reliability Test System (RTS), which includes flywheels, battery storage in the form of plug-in electric vehicles, and price responsive thermal load. 2010-2012 IEEE.

authors

• Xie, Le

published proceedings

• IEEE TRANSACTIONS ON SMART GRID

altmetric score

• 3

author list (cited authors)

• Thatte, A. A., & Xie, L. e.

citation count

• 46

complete list of authors

• Thatte, Anupam A||Xie, Le

publication date

• September 2012

publisher

• Institute of Electrical and Electronics Engineers (IEEE)  Publisher

published in

• IEEE Transactions on Smart Grid  Journal

keywords

• Distributed Energy Storage
• Electric Vehicles
• Electricity Market
• Flywheels
• Frequency Control
• Smart Grid Optimization

Digital Object Identifier (DOI)

• 10.1109/TSG.2012.2190114

start page

• 1418

end page

• 1426

volume

• 3

issue

• 3

URL

• http://dx.doi.org/10.1109/tsg.2012.2190114

user-defined tag

• 7 Affordable and Clean Energy