Optimization of decentralized energy storage flexibility for frequency reserves

Olli Kilkki; Christian Giovanelli; Ilkka Seilonen; Valeriy Vyatkin

doi:10.1109/IECON.2015.7392431

Optimization of decentralized energy storage flexibility for frequency reserves

Olli Kilkki, Christian Giovanelli, Ilkka Seilonen, Valeriy Vyatkin

Tutkimustuotos: Artikkeli kirjassa/konferenssijulkaisussa › Conference article in proceedings › Scientific › vertaisarvioitu

2 Sitaatiot (Scopus)

Abstrakti

This paper presents a cost optimization scheme for an electricity aggregator. The aggregator schedules the charging of the energy storages of its aggregated group of consumers to minimize the hourly spot market costs, while simultaneously maximizing its potential for participation in the reserve market. The optimization is formulated as a distributed iterative algorithm and its performance on the day-ahead and regulating power markets are evaluated based on simulations using actual market data. It was shown that increasing the consumption flexibility increased the overall profits markedly, while increasing their variance, up to a point.

Alkuperäiskieli	Englanti
Otsikko	IECON 2015 - 41st Annual Conference of the IEEE Industrial Electronics Society
Alaotsikko	Proceedings
Kustantaja	IEEE
Sivut	2219-2224
Sivumäärä	6
ISBN (painettu)	9781479917624
DOI - pysyväislinkit	https://doi.org/10.1109/IECON.2015.7392431
Tila	Julkaistu - 25 tammik. 2016
OKM-julkaisutyyppi	A4 Artikkeli konferenssijulkaisussa
Tapahtuma	Annual Conference of the IEEE Industrial Electronics Society - Yokohama, Japani Kesto: 9 marrask. 2015 → 12 marrask. 2015 Konferenssinumero: 41 http://iecon2015.com/

Conference

Conference	Annual Conference of the IEEE Industrial Electronics Society
Lyhennettä	IECON
Maa/Alue	Japani
Kaupunki	Yokohama
Ajanjakso	09/11/2015 → 12/11/2015
www-osoite	http://iecon2015.com/

Pääsy asiakirjaan

10.1109/IECON.2015.7392431

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@inproceedings{b8680beec7f4427db443e07145300679,

title = "Optimization of decentralized energy storage flexibility for frequency reserves",

abstract = "This paper presents a cost optimization scheme for an electricity aggregator. The aggregator schedules the charging of the energy storages of its aggregated group of consumers to minimize the hourly spot market costs, while simultaneously maximizing its potential for participation in the reserve market. The optimization is formulated as a distributed iterative algorithm and its performance on the day-ahead and regulating power markets are evaluated based on simulations using actual market data. It was shown that increasing the consumption flexibility increased the overall profits markedly, while increasing their variance, up to a point.",

author = "Olli Kilkki and Christian Giovanelli and Ilkka Seilonen and Valeriy Vyatkin",

year = "2016",

month = jan,

day = "25",

doi = "10.1109/IECON.2015.7392431",

language = "English",

isbn = "9781479917624",

pages = "2219--2224",

booktitle = "IECON 2015 - 41st Annual Conference of the IEEE Industrial Electronics Society",

publisher = "IEEE",

address = "United States",

note = "Annual Conference of the IEEE Industrial Electronics Society, IECON ; Conference date: 09-11-2015 Through 12-11-2015",

url = "http://iecon2015.com/",

}

Kilkki, O, Giovanelli, C, Seilonen, I & Vyatkin, V 2016, Optimization of decentralized energy storage flexibility for frequency reserves. julkaisussa IECON 2015 - 41st Annual Conference of the IEEE Industrial Electronics Society: Proceedings., 7392431, IEEE, Sivut 2219-2224, Annual Conference of the IEEE Industrial Electronics Society, Yokohama, Japani, 09/11/2015. https://doi.org/10.1109/IECON.2015.7392431

Optimization of decentralized energy storage flexibility for frequency reserves. / Kilkki, Olli; Giovanelli, Christian; Seilonen, Ilkka et al.
IECON 2015 - 41st Annual Conference of the IEEE Industrial Electronics Society: Proceedings. IEEE, 2016. s. 2219-2224 7392431.

Tutkimustuotos: Artikkeli kirjassa/konferenssijulkaisussa › Conference article in proceedings › Scientific › vertaisarvioitu

TY - GEN

T1 - Optimization of decentralized energy storage flexibility for frequency reserves

AU - Kilkki, Olli

AU - Giovanelli, Christian

AU - Seilonen, Ilkka

AU - Vyatkin, Valeriy

N1 - Conference code: 41

PY - 2016/1/25

Y1 - 2016/1/25

N2 - This paper presents a cost optimization scheme for an electricity aggregator. The aggregator schedules the charging of the energy storages of its aggregated group of consumers to minimize the hourly spot market costs, while simultaneously maximizing its potential for participation in the reserve market. The optimization is formulated as a distributed iterative algorithm and its performance on the day-ahead and regulating power markets are evaluated based on simulations using actual market data. It was shown that increasing the consumption flexibility increased the overall profits markedly, while increasing their variance, up to a point.

AB - This paper presents a cost optimization scheme for an electricity aggregator. The aggregator schedules the charging of the energy storages of its aggregated group of consumers to minimize the hourly spot market costs, while simultaneously maximizing its potential for participation in the reserve market. The optimization is formulated as a distributed iterative algorithm and its performance on the day-ahead and regulating power markets are evaluated based on simulations using actual market data. It was shown that increasing the consumption flexibility increased the overall profits markedly, while increasing their variance, up to a point.

UR - http://www.scopus.com/inward/record.url?scp=84973129555&partnerID=8YFLogxK

U2 - 10.1109/IECON.2015.7392431

DO - 10.1109/IECON.2015.7392431

M3 - Conference article in proceedings

AN - SCOPUS:84973129555

SN - 9781479917624

SP - 2219

EP - 2224

BT - IECON 2015 - 41st Annual Conference of the IEEE Industrial Electronics Society

PB - IEEE

T2 - Annual Conference of the IEEE Industrial Electronics Society

Y2 - 9 November 2015 through 12 November 2015

ER -

Optimization of decentralized energy storage flexibility for frequency reserves

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