Kunpeng Tian, Weiqing Sun, Wei Liu, et al. Coordinated RES and ESS Planning Framework Considering Financial Incentives Within Centralized Electricity Market[J]. CSEE Journal of Power and Energy Systems, 2023, 9(2): 539-547.
DOI:
Kunpeng Tian, Weiqing Sun, Wei Liu, et al. Coordinated RES and ESS Planning Framework Considering Financial Incentives Within Centralized Electricity Market[J]. CSEE Journal of Power and Energy Systems, 2023, 9(2): 539-547.DOI: 10.17775/CSEEJPES.2020.02400.
Coordinated RES and ESS Planning Framework Considering Financial Incentives Within Centralized Electricity Market
Coordinated investment and operations within renewable portfolio standards is one of the key technologies to meet the renewable energy target and realize the economic operations of the power system. This paper proposes a unified framework of coordinated planning and financial incentives. Joint investment in renewable energy and energy storage and joint optimization of energy and ancillary services are integrated into a unified framework. Various factors are taken into consideration by the social planner in the centralized electricity market
such as the sitting and sizing of renewable energy and energy storage
charge and discharge efficiency of the energy storage
transmission network constraints
reserve capacity
and financial incentives. This framework provides a tool for the social planner to determine the optimal planning scheme of renewable energy and energy storage. The conclusion derived is that the sum of market revenue and financial subsidies of renewable energy and energy storage is exactly equal to their investment cost which is obtained by the Karush-Kuhn-Tucker (KKT) condition of maximizing social welfare problems. A numerical result based on the modified IEEE-39 bus test system demonstrates the effectiveness of the unified framework. The impact of financial incentives
reserve capacity
and production costs on capital investment are studied.
Coordinated Planning of Interconnected Multi-Regional Power Systems Considering Large-Scale Energy Storage Systems, Transmission Expansion, and Carbon Emission Quota Trading
Coordinated Expansion Planning of AC Network and Synchronous Condenser for Receiving-End Grids with Multi-Infeed UHVDC Links
Comprehensive Analysis and Discussion on Transition Paths of China's Power System Towards Carbon Neutrality—Part II: System Simulation and Economic Analysis
Flexibility Evaluation Framework Integrating Supply and Demand for High Renewable Share Power Systems
Multi-Stage Risk-Averse Planning Approach for Multi-Type ESSs Considering Markov Transition of Persistent Low Output Scenario
Related Author
Jia Liu
Biao Jiang
Zao Tang
Pingliang Zeng
Tong Su
Yalou Li
Qiuwei Wu
Buqing Deng
Related Institution
Department of Automation, Hangzhou Dianzi University
Department of Electrical Engineering, Southeast University
University of Connecticut, Storrs
China Electric Power Research Institute
Department of Electrical Engineering, Technical University of Denmark, Kongens Lyngby