Maximizing revenue from electrical energy storage in MISO energy & frequency regulation markets
Maximizing revenue from electrical energy storage in MISO energy & frequency regulation markets
复制标题
最大化 MISO 能源中电能存储的收入
DOI:
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发表时间:
2017
期刊:
影响因子:
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通讯作者:
I. Gyuk
中科院分区:
文献类型:
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作者:
T. Nguyen;R. Byrne;Ricky J. Concepcion;I. Gyuk
FERC Order 755 requires RTO/ISOs to compensate the frequency regulation resources based on the actual regulation service provided. Based on this rule, a resource is compensated by a performance-based payment including a capacity payment which accounts for its provided regulation capacity and a performance payment which reflects the quantity and accuracy of its regulation service. The RTO/ISOs have been implementing different market rules to comply with FERC Order 755. This paper focuses on the MISO's implementation and presents the calculations to maximize the potential revenue of electrical energy storage (EES) from participation in arbitrage and frequency regulation in the day-ahead market using linear programming. A case study was conducted for the Indianapolis Power & Light's 20MW/20MWh EES at Harding Street Generation Station based on MISO historical data from 2014 and 2015. The results showed the maximum revenue was primarily produced by frequency regulation.