Good news on winning the bid for energy storage peak load regulation and frequency regulation

How effective is the bidding strategy of energy storage power station?

The bidding strategy of energy storage power station formulated in most papers relies on the day-ahead predicted price and regulation demand, and the effectiveness of the bidding strategy is based on the premise that day-ahead forecast is accurate [9, 10, 11].

What is a peak load regulation model?

A corresponding peak load regulation model is proposed. On the generation side, studies on peak load regulation mainly focus on new construction, for example, pumped-hydro energy storage stations, gas-fired power units, and energy storage facilities .

What is the optimal scheduling model for power system peak load regulation?

Conclusion This paper presented an optimal scheduling model for power system peak load regulation considering the short-time startup and shutdown operations of a thermal power unit. As the main resource on the generation side, the intrinsic capacity of the thermal units in the system peak load regulation was studied in this paper.

Can peak load regulation cost of thermal units be integrated into optimal scheduling?

In addition, an integrated optimal scheduling model for power system peak load regulation with a suitable rolling optimization strategy was proposed. To the best of our knowledge, this study is the first to integrate different modes’ peak load regulation cost of thermal units into the optimal scheduling model.

What is power system peak load regulation?

The power system peak load regulation is conducted by adjusting the output power and operating states of the power generating units in both peak and off-peak hours.

Is there a fast frequency regulation strategy for battery energy storage?

The fuzzy theory approach was used to study the frequency regulation strategy of battery energy storage in the literature , and an economic efficiency model for frequency regulation of battery energy storage was also established. Literature proposes a method for fast frequency regulation of battery based on the amplitude phase-locked loop.