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Intuitively, the integration of energy storage technologies such as pumped hydro and batteries into vertically integrated utility and independent system operator/regional transmission operator (ISO/RTO)-scale systems should confer significant benefits to operations, ranging from mitigation of renewables generation variability to peak shaving. However, the realized benefits of such integration are...
This paper proposes a stochastic time-series based method to simulate the volatility of intermittent renewable generation and distributed storage devices along timeline. The proposed method can calculate the optimal timeline for different electricity markets and power systems. In practice, the proposed method is potentially useful for designing market rules and evaluating different design options...
This paper develops bidding strategy for operating pumped storage power plant in a combined pool-bilateral market. 1/0/-1 mixed-integer programming model to account discrete tri-state operation of pumped storage plant is developed and multi-looping sequential optimization approach is used to solve the problem. Considering realistic case study, operating strategies for the pumped storage plant are...
The share of distributed generator (DG) in the power system generation is increasingly grown up. Due to the effects of DG on technical operation of the network and also considering the rapid extension of power market in the world wide, it is necessary to contemplate both technical aspect of network operation and market transactions in DG operation. Through the concept of virtual power plant (VPP),...
This paper investigates availability of Demand-Side Management (DSM) considering Flexible, Reliable and Intelligent Energy Delivery System (FRIENDS) proposed by the authors. The proposed DSM is based on a Real-Time Pricing system (RTP) executed by owners of Quality Control Centers (QCC) in FRIENDS, which are facilities allocated close to consumers. More specifically, QCC owners procure electricity...
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