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Economic optimal operation of Community Energy Storage systems in competitive energy markets

dc.contributor.authorArghandeh, Reza
dc.contributor.authorWoyak, Jeremy
dc.contributor.authorOnen, Ahmet
dc.contributor.authorJung, Jaesung
dc.contributor.authorBroadwater, Robert P
dc.date.accessioned2022-10-03T11:22:31Z
dc.date.available2022-10-03T11:22:31Z
dc.date.issued2014en_US
dc.identifier.issn0306-2619
dc.identifier.issn1872-9118
dc.identifier.otherWOS:000345470100008
dc.identifier.urihttp://dx.doi.org/10.1016/j.apenergy.2014.08.066
dc.identifier.urihttps://hdl.handle.net/20.500.12573/1374
dc.description.abstractDistributed, controllable energy storage devices offer several benefits to electric power system operation. Three such benefits include reducing peak load, providing standby power, and enhancing power quality. These benefits, however, are only realized during peak load or during an outage, events that are infrequent. This paper presents a means of realizing additional benefits by taking advantage of the fluctuating costs of energy in competitive energy markets. An algorithm for optimal charge/discharge scheduling of Community Energy Storage (CES) devices as well as an analysis of several of the key drivers of the optimization are discussed.en_US
dc.description.sponsorshipDTE Energy DE-OE0000229en_US
dc.language.isoengen_US
dc.publisherELSEVIER SCI LTDTHE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLANDen_US
dc.relation.isversionof10.1016/j.apenergy.2014.08.066en_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCommunity Energy Storageen_US
dc.subjectElectricity market priceen_US
dc.subjectBattery schedulingen_US
dc.subjectBattery optimal controlen_US
dc.subjectDistributed Energy Resourcesen_US
dc.titleEconomic optimal operation of Community Energy Storage systems in competitive energy marketsen_US
dc.typearticleen_US
dc.contributor.departmentAGÜ, Mühendislik Fakültesi, Elektrik - Elektronik Mühendisliği Bölümüen_US
dc.contributor.authorID0000-0002-0691-5426en_US
dc.contributor.authorID0000-0001-7086-5112en_US
dc.contributor.institutionauthorÖnen, Ahmet
dc.contributor.institutionauthorBroadwater, Robert P
dc.identifier.volume135en_US
dc.identifier.startpage71en_US
dc.identifier.endpage80en_US
dc.relation.journalAPPLIED ENERGYen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US


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