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dc.contributor.authorZhang, Ten
dc.contributor.authorChen, SXen
dc.contributor.authorGooi, HBen
dc.contributor.authorMaciejowski, Janen
dc.date.accessioned2016-09-22T16:11:40Z
dc.date.available2016-09-22T16:11:40Z
dc.date.issued2017-05-01en
dc.identifier.issn0885-8950
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/260333
dc.description.abstractThe battery energy storage systems (BESSs) have been increasingly installed in the power system, especially with the growing penetration rate of the renewable energy sources. However, it is difficult for BESSs to be profitable due to high capital costs. In order to boost the economic value of BESSs, this paper proposes a hierarchical energy management system (HiEMS) to aggregate multiple BESSs, and to achieve multi-market business operations. The proposed HiEMS optimizes the multi-market bids considering a realistic BESS performance model, and coordinates the BESSs and manages their state of charge (SOC) values, according to their price penalties based on dynamically generated annualized cost. By taking part in the energy market and regulation market at the same time, the cost-performance index (CPI) of the BESS aggregation is greatly improved. The impact of photovoltaic generation (PV) on system performance and CPI is also studied.
dc.description.sponsorshipThis work is supported in part by DNV GL Energy (formerly KEMA) Technology Centre, Nanyang Technological University, and the Energy Innovation Research Programme (EIRP, Award No. NRF2014EWT-EIRP002-005), administrated by the Energy Market Authority (EMA). The EIRP is a competitive grant call initiative driven by the Energy Innovation Programme Office, and funded by the National Research Foundation (NRF) Singapore.
dc.languageEnglishen
dc.language.isoenen
dc.publisherIEEE
dc.titleA hierarchical EMS for aggregated BESSs in energy and performance-based regulation marketsen
dc.typeArticle
prism.endingPage1760
prism.publicationDate2017en
prism.publicationNameIEEE Transactions on Power Systemsen
prism.startingPage1751
prism.volume32en
dc.identifier.doi10.17863/CAM.4564
dcterms.dateAccepted2016-07-30en
rioxxterms.versionofrecord10.1109/TPWRS.2016.2598186en
rioxxterms.versionAMen
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2017-05-01en
dc.contributor.orcidMaciejowski, Jan [0000-0001-8281-8364]
dc.identifier.eissn1558-0679
rioxxterms.typeJournal Article/Reviewen


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