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Optimal Scheduling Of Energy Storage For Energy Shifting And Ancillary Services To The Grid, Hadi Khani

Electronic Thesis and Dissertation Repository

This thesis is mainly focused on developing optimization-based models for scheduling of energy storage units. At first, a real-time optimal scheduling algorithm is developed seeking to maximize the storage revenue by exploiting arbitrage opportunities available due to the inter-temporal variation of electricity prices. The electricity price modulation is proposed as an approach to competitively offer incentive by the utility regulator to storage to fill the gap between current and a stable rate of return. Subsequently, the application of large-scale storage for congestion relief in transmission systems as an ancillary service to the grid is investigated. An algorithm is proposed for …