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• W3127558468 abstract "In this paper, we present a trading-oriented battery energy storage system (BESS) planning model for a distribution market. The proposed planning model is formulated as a mutual-iteration and multi-objective two-stage optimization problem. The first stage is designed to optimize the internal resources allocation including PV system, wind turbine, gas turbine and BESS. Then a double-side auction model named as averaging pricing market (APM) mechanism is presented in the second stage, which aims at solving the issue of energy trading benefit loss caused by the relatively high difference between time-of-use (ToU) electricity price and feed-in-tariff. The contribution of this paper lies in combining the planning of BESS with the optimization of the distribution electricity market. Numerical results on a modified IEEE 24-bus system are presented to demonstrate the superiority of the two-stage optimization model and the sensitivity of the model is also investigated based on regret analysis." @default.
• W3127558468 created "2021-02-15" @default.
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• W3127558468 date "2021-07-01" @default.
• W3127558468 modified "2023-10-13" @default.
• W3127558468 title "Trading-oriented battery energy storage planning for distribution market" @default.
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• W3127558468 doi "https://doi.org/10.1016/j.ijepes.2021.106848" @default.
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