Abstract
Allowing the connection of additional renewable energy sources (RES) in areas with limited transmission capacity is becoming of a serious concern. Building new transmission lines only provides a long-term solution to cope with this issue due to the fact that it takes much longer time (up to 5-10 years) compared to time needed to build new wind farms (about 1 year). Storage is proven to be an effective solution to make maximal use of existing grid infrastructures in the short-term. This paper proposes a cost-benefit optimization formulation for optimally sizing the storage in a wind-storage system which is connected to an external spot market via limited transmission lines. A small test system is studied in order to find the optimal size of storage to avoid congestion by allowing revenue to be generated only via reducing the congestion-induced wind curtailment. Additional revenue streams can be also included to maximize the monetary value of the wind-storage system.
| Original language | English |
|---|---|
| Title of host publication | ENERGYCON 2014 |
| Subtitle of host publication | IEEE International Energy Conference |
| Publisher | IEEE Computer Society |
| Pages | 572-576 |
| Number of pages | 5 |
| ISBN (Print) | 9781479924493 |
| DOIs | |
| Publication status | Published - 2014 |
| Externally published | Yes |
| Event | 2014 IEEE International Energy Conference - Dubrovnik, Croatia Duration: 13 May 2014 → 16 May 2014 http://www.energycon2014.org/ (Link to Conference Website) |
Conference
| Conference | 2014 IEEE International Energy Conference |
|---|---|
| Abbreviated title | ENERGYCON 2014 |
| Country/Territory | Croatia |
| City | Dubrovnik |
| Period | 13/05/14 → 16/05/14 |
| Internet address |
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