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Due to its intermittent nature, high wind penetration requires more flexibility in the electric power grid to provide the balance. Large scale energy storage is one such option that allows the intermittency to be absorbed in real time. Two types of large scale energy storage technologies including Sodium Sulpher (NaS) battery and compressed air energy storage (CAES) are studied in this paper. In this...
This paper extends our recent work and proposes a multi-stage coupon incentive-based demand response (M-CIDR) in two-settlement electricity markets. In contrast to the realtime pricing (RTP) or critical peak pricing (CPP) demand response programs, M-CIDR continues to offer a flat rate to retail customers and additional voluntary incentives to induce demand response. Compared with single-stage CIDR,...
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