TY - GEN
T1 - Analysis of energy-and SoC-neutral contracts for frequency regulation with energy storage
AU - Fooladivanda, Dariush
AU - Rosenberg, Catherine
AU - Garg, Siddharth
N1 - Publisher Copyright:
© 2015 IEEE.
PY - 2016/3/17
Y1 - 2016/3/17
N2 - We analyze two contractual frameworks for regulation services with battery-based energy storage: The SoC-and energy-neutral contracts. Vis-A-vis the existing contractual framework, the new contracts constrain the operator to generate only SoC-and energy-neutral regulation signals within a contract duration. For both contracts, we propose algorithms to maximize the battery operator's reward during a single contract, and derive analytical expressions to quantify the reward over multiple contracts. Numerical results using Lead-Acid and Lithium-ion batteries provide several engineering insights.
AB - We analyze two contractual frameworks for regulation services with battery-based energy storage: The SoC-and energy-neutral contracts. Vis-A-vis the existing contractual framework, the new contracts constrain the operator to generate only SoC-and energy-neutral regulation signals within a contract duration. For both contracts, we propose algorithms to maximize the battery operator's reward during a single contract, and derive analytical expressions to quantify the reward over multiple contracts. Numerical results using Lead-Acid and Lithium-ion batteries provide several engineering insights.
UR - http://www.scopus.com/inward/record.url?scp=84964968213&partnerID=8YFLogxK
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U2 - 10.1109/SmartGridComm.2015.7436390
DO - 10.1109/SmartGridComm.2015.7436390
M3 - Conference contribution
AN - SCOPUS:84964968213
T3 - 2015 IEEE International Conference on Smart Grid Communications, SmartGridComm 2015
SP - 743
EP - 749
BT - 2015 IEEE International Conference on Smart Grid Communications, SmartGridComm 2015
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - IEEE International Conference on Smart Grid Communications, SmartGridComm 2015
Y2 - 1 November 2015 through 5 November 2015
ER -