LAPSE:2023.36270
Published Article
LAPSE:2023.36270
Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy
Wei Hu, Xinyan Zhang, Lijuan Zhu, Zhenen Li
July 7, 2023
Configuring energy storage devices can effectively improve the on-site consumption rate of new energy such as wind power and photovoltaic, and alleviate the planning and construction pressure of external power grids on grid-connected operation of new energy. Therefore, a dual layer optimization configuration method for energy storage capacity with source load collaborative participation is proposed. The external model introduces a demand-side response strategy, determines the peak, flat, and valley periods of the time-of-use electricity price-based on the distribution characteristics of load and new energy output, and further aims to maximize the revenue of the wind and solar storage system. With the peak, flat, and valley electricity price as the decision variable, an outer optimization model is established. Based on the optimized electricity price, the user’s electricity consumption in each period is adjusted, and the results are transmitted to the inner optimization model. The internal model takes the configuration power and energy storage capacity in the wind and solar storage system as decision variables, establishes a multi-objective function that comprehensively considers the on-site consumption rate of new energy and the cost of energy storage configuration, and feeds back the optimization results of the inner layer to the outer layer optimization model. Use ISSA-MOPSO algorithm to solve the optimized configuration model. Finally, the rationality of the proposed model and algorithm in terms of on-site consumption rate and economy of new energy is verified through numerical examples.
Keywords
Absorption, demand-side response, dynamic electricity price, Energy Storage, new energy, on site consumption of new energy
Suggested Citation
Hu W, Zhang X, Zhu L, Li Z. Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy. (2023). LAPSE:2023.36270
Author Affiliations
Hu W: School of Electrical Engineering, Xinjiang University, Urumqi 830017, China; School of Mechanical and Electrical Engineering, Xinjiang Institute of Technology, Aksu 843100, China
Zhang X: School of Electrical Engineering, Xinjiang University, Urumqi 830017, China
Zhu L: School of Electrical Engineering, Xinjiang University, Urumqi 830017, China; School of Mechanical and Electrical Engineering, Xinjiang Institute of Technology, Aksu 843100, China
Li Z: School of Electrical Engineering, Xinjiang University, Urumqi 830017, China
Journal Name
Processes
Volume
11
Issue
6
First Page
1725
Year
2023
Publication Date
2023-06-05
Published Version
ISSN
2227-9717
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Original Submission
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PII: pr11061725, Publication Type: Journal Article
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LAPSE:2023.36270
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doi:10.3390/pr11061725
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Jul 7, 2023
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Jul 7, 2023
 
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Calvin Tsay
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