Modelling And Analysing The Market Integration Of Flexible Demand And Storage Resources

This book provides carefully designed illustrative examples to explain the profound in simpler terms. The emerging smart grid paradigm has paved the way for the wide introduction of flexible demand (FD) and energy storage (ES) technologies in power systems, with significant economic, technical, and environmental benefits that will facilitate efficient transition to the low-carbon future. In the deregulated energy sector, the realization of the significant FD and ES flexibility potential should be coupled with their suitable integration in electricity markets. In this context, previous studies have proposed market clearing mechanisms considering FD and ES participation and demonstrated their impact on the system operation. However, these studies have neglected fundamental market complexities, such as modeling and pricing FD non-convexities as well as modeling and analyzing the role of FD and ES in imperfect markets. This book is dedicated to address the above challenges through the development of novel computational methodologies. It also provides numerous explanatory figures, tables, algorithm flowcharts, and block diagrams for visual aid, which helps the readers to better grasp the working principles of the developed algorithms as well as to form a comprehensive comparison of results.

Energy Storage in Energy Markets reviews the modeling, design, analysis, optimization and impact of energy storage systems in energy markets in a way that is ideal for an audience of researchers and practitioners. The book provides deep insights on potential benefits and revenues, economic evaluation, investment challenges, risk analysis, technical requirements, and the impacts of energy storage integration. Heavily referenced and easily accessible to policymakers, developers, engineer, researchers and students alike, this comprehensive resource aims to fill the gap in the role of energy storage in pool/local energy/ancillary service markets and other multi-market commerce. Chapters elaborate on energy market fundamentals, operations, energy storage fundamentals, components, and the role and impact of storage systems on energy systems from different aspects, such as environmental, technical and economics, the role of storage devices in uncertainty handling in energy systems and their contributions in resiliency and reliability improvement. Provides integrated techno-economic analysis of energy storage systems and the energy markets Reviews impacts of electric vehicles as moving energy storage and loads on the electricity market Analyzes the role and impact of energy storage systems in the energy, ancillary, reserve and regulatory multi-market business Applies advanced methods to the economic integration of large-scale energy storage systems Develops an evaluation framework for energy market storage systems

Variable Generation, Flexible Demand looks at a future in which power system researchers, operators and analysts need to predict variable renewable generation and schedule demand to match it. Contributors survey the significant expansion in the role of flexible demand in balancing supply and demand in conjunction with flexible generation in ‘peaking plants’ and energy storage as the proportion of variable renewable generation rises in many systems across the world. Supported with case studies, the book examines practical ways that demand flexibility can play a constructive role as more systems move towards higher levels of renewable generation in their electricity mix. Examines practical ways that demand flexibility can play a constructive role in future energy systems Reviews the vital role of market design, business models, enabling technologies, policies and regulation in implementation of flexible demand Includes detailed case studies that address the role of flexible demand across transitioning power markets

Increasing the shares of Renewable Energy Sources (RES) and Distributed Energy Resources (DER) is one of the most important levers in many countries to cope with the environmental, political, and economic challenges of future energy supply. The underlying research question of this thesis is whether Distributed Storage Systems (DSS) at the end consumer level can economically foster the integration of intermittent and non-dispatchable resources by providing demand-side flexibility.

This book provides recent trends and innovation in solar energy. It covers the basic principles and applications of solar energy systems. Various topics covered in this book include introduction and overview of solar energy, solar PV generation, solar thermal generation, innovative applications of solar energy, smart energy system, smart grid and sustainability, solar energy forecasting, advances in solar battery, thermal storage of solar energy, solar energy pricing, advances in hybrid solar system, solar system tracking for maximum power generation, phase change materials and its application, sensitivity analysis in solar systems, environmental feasibility of solar hybrid systems, regulatory implications of solar energy integration with grid, impact of the photovoltaic integration on the hydrothermal dispatch on power systems and potential and financial evaluation of floating solar PV in Thailand—a case study. This book will be useful for the students, academicians, researchers, policymakers, economists and professionals working in the area of solar energy.

The volume presents the research work in understanding, modeling and quantifying the risks associated with different ways of implementing smart grid technology in power systems in order to plan and operate a modern power system with an acceptable level of reliability. Power systems throughout the world are undergoing significant changes creating new challenges to system planning and operation in order to provide reliable and efficient use of electrical energy. The appropriate use of smart grid technology is an important drive in mitigating these problems and requires considerable research activities, some of which (by researchers from academia and industry) are included in this volume: the reliability appraisal of smart grid technologies and their applications, micro-grids, assessment of plug-in hybrid vehicles and the system effects, smart system protection and reliability evaluation, demand response and smart maintenance of power system equipment.

Standalone (off-grid) renewable energy systems supply electricity in places where there is no access to a standard electrical grid. These systems may include photovoltaic generators, wind turbines, hydro turbines or any other renewable electrical generator. Usually, this kind of system includes electricity storage (commonly lead-acid batteries, but also other types of storage can be used). In some cases, a backup generator (usually powered by fossil fuel, diesel or gasoline) is part of the hybrid system. The modelling of the components, the control of the system and the simulation of the performance of the whole system are necessary to evaluate the system technically and economically. The optimization of the sizing and/or the control is also an important task in this kind of system.