Peak shaving and frequency regulation coordinated output optimization based on improving economy of energy storage

Abstract

In this paper, a peak shaving and frequency regulation coordinated output strategy based on the existing energy storage is proposed to improve the economic problem of energy storage development and increase the economic benefits of energy storage in industrial parks. In the proposed strategy, the profit and cost models of peak shaving and frequency regulation are first established. Second, the benefits brought by the output of energy storage, degradation cost and operation and maintenance costs are considered to establish an economic optimization model, which is used to realize the division of peak shaving and frequency regulation capacity of energy storage based on peak shaving and frequency regulation output optimization. Finally, the intra-day model predictive control method is employed for rolling optimization. An intra-day peak shaving and frequency regulation coordinated output optimization strategy of energy storage is proposed. Through the example simulation, the experiment results show that the electricity cost of the whole day is reduced by 10.96% by using the coordinated output strategy of peak shaving and frequency regulation. The obtained further comparative analysis results and the life cycle economic analysis show that the profit brought by the proposed coordinated output optimization strategy is greater than that for separate peak shaving or frequency modulation of energy storage under the same capacity.