Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy
Abstract
:1. Introduction
2. Structure of Wind and Solar Energy Storage System
3. Demand Response Model Considering Time Division and Price Optimization
3.1. Time Period Division Based on Fuzzy C-Means Clustering
3.2. Price Setting
4. Build a Coordinated Optimization Model for Time-of-Use Electricity Prices and Energy Storage Capacity
4.1. External Revenue Model Considering Demand-Side Response
4.1.1. Objective Function
4.1.2. Constraints
- (1)
- The total load after the user participates in demand response will remain unchanged, and the load change in any time period will be controlled within a certain range to ensure the power demand of the user.
- (2)
- The implementation of time-of-use tariff has changed users’ electricity consumption habits to a certain extent and reduced their comfort. Therefore, it is necessary to ensure the economy of users’ participation in demand response, so as to mobilize users’ enthusiasm for electricity consumption. It is stipulated that the total electricity cost before users’ participation in demand response should not be greater than the total electricity cost when users do not participate in demand response.
- (3)
- Improper time-of-use electricity prices can lead to peak–valley inversion or insufficient response, so it is necessary to constrain the peak–valley electricity price ratio.
- (4)
- Marginal cost constraint in valley time
4.2. Internal Multi-Objective Model Considering the Daily Life Loss Cost of Energy Storage
4.2.1. Energy Storage Cycle Life Loss Model
- (1)
- Battery discharge depth
- (2)
- Equivalent number of cycles model
- (3)
- The equivalent cycle life of energy storage is
- (4)
- The daily cycle life loss cost of energy storage is
4.2.2. Daily Cost of Energy Storage throughout Its Entire Life Cycle
4.2.3. Objective Function
4.2.4. Constraints
- (1)
- Power balance constraints
- (2)
- Transmission power constraints of interconnection lines
- (3)
- Energy storage operation constraints
- (4)
- Limited by factors such as investment funds and site conditions, the power and capacity of energy storage are constrained
4.2.5. Optimal Scheduling Strategy for Wind and Solar Energy Storage Systems
5. Model Solving Algorithms and Processes
5.1. Solution Algorithm
5.1.1. Multi-Objective Particle Swarm Optimization Algorithm
5.1.2. Choosing the Compromise Optimal Solution
5.2. Energy Storage Charging and Discharging Verification
- (1)
- First, based on the decision variables of energy storage capacity and maximum charging and discharging power at the lower level, and on the principle that the initial state of charge of energy storage is equal to the end time , the maximum state of charge and minimum state of charge that should be constrained for each time period , ... are derived.
- (2)
- Detect and correct and
- (3)
- Detect and correct and based on, , , until equal .
5.3. Solution Flowchart
6. Example Analysis
6.1. Example Parameter Description
6.2. Optimization Configuration Results under Different Typical Weather Conditions
6.3. Analysis of Simulation Results
6.3.1. Analysis of On-Site Consumption of New Energy
6.3.2. Economic Analysis
6.3.3. Optimization Results of Different Penalty Factors
7. Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
Appendix A
References
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Parameter | Numerical Value | Parameter | Numerical Value |
---|---|---|---|
Penalty cost coefficient | 0.1 | Cross elasticity coefficient | 0.03 |
Ciscounted rate | 5% | cp (RMB/kW) | |
Kp | 2 | (kW) | 600 |
Maximum number of charges and disCharges for energy storage | 5000 | (kW) | −600 |
Carbon trading price (RMB/1000 kg) | 15 | cE (RMB/kW) | |
, | 0.95 | Operation and maintenance Costs (RMB/kW h) | 50 |
0.9 | 2500 | ||
0.2 | 500 | ||
initial value | 0.5 | Carbon reduction per unit of New energy (kg/kW·h) | 0.16 |
Electricity selling price | 0.58 | (RMB/kW·h) | 0.12 |
Electricity purchase price | 0.69 | (RMB/kW·h) | 1.2 |
Coefficient of self elasticity | −0.2 | /Year | 20 |
Parameter | Period of Time | Electricity Price (RMB/kW·h) |
---|---|---|
Peak period | 07:00–11:00, 17:00–21:00 | 0.96 |
Peacetime period | 12:00–16:00, 22:00–23:00 | 0.58 |
Valley period | 00:00–6:00 | 0.27 |
Typical Daily Scenario | On Site Consumption Rate of New Energy | ||
---|---|---|---|
Peak period | 07:00–11:00, 17:00–21:00 | 285 | 210 |
Peacetime period | 12:00–16:00, 22:00–23:00 | 1194 | 136 |
Valley period | 00:00–6:00 | 826 | 192 |
Scene | On Site Consumption Rate of New Energy/% | ||
---|---|---|---|
1 | 91.55% | 0 | 0 |
2 | 95.67% | 0 | 0 |
3 | 93.89% | 1194 | 210 |
4 | 97.93% | 1194 | 210 |
Before and after Optimization | Maximum Load/kW | Minimum Load/kW | Peak–Valley Difference of Load/kW | Net Load Peak Valley Difference/kW |
---|---|---|---|---|
Before optimization | 1356.3 | 458.6 | 897.7 | 646.9 |
After optimization | 1339 | 547 | 792 | 411.4 |
Variation | −17.3 | 88.4 | −105.7 | −235.5 |
Scene | System Benefits | Consumer Electricity Consumption | Revenue from Selling Electricity to the Power Grid | Cost of Purchasing Electricity from the Power Grid | Penalty for Contact Line Fluctuations | Daily Loss Cost of Energy Storage |
---|---|---|---|---|---|---|
1 | 10,354 | 14,301 | 1124.9 | 1514.9 | 3612.1 | 0 |
2 | 11,914 | 13,238 | 576.17 | 863.19 | 1092.5 | 0 |
3 | 7046.4 | 14,301 | 985.51 | 1426.3 | 5197.7 | 1670.9 |
4 | 10,527 | 13,238 | 276.12 | 560.53 | 856.43 | 1625.7 |
Different Scenarios | Returns and Volatility Penalties | Different Penalty Factors | ||
---|---|---|---|---|
0.1 | 0.01 | 0.001 | ||
Scenario 1 | System benefits | 10,354 | 13,605 | 13,930 |
Volatility Penalties | 3612.1 | 361.21 | 36.12 | |
Scenario 2 | System benefits | 11,914 | 12,897 | 12,995 |
Volatility Penalties | 1092.5 | 109.25 | 10.93 | |
Scenario 3 | System benefits | 7046.4 | 11,725 | 12,192 |
Volatility Penalties | 5197.7 | 519.77 | 51.98 | |
Scenario 4 | System benefits | 10,527 | 11,297 | 11,374 |
Volatility Penalties | 856.43 | 85.64 | 8.56 |
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Hu, W.; Zhang, X.; Zhu, L.; Li, Z. Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy. Processes 2023, 11, 1725. https://doi.org/10.3390/pr11061725
Hu W, Zhang X, Zhu L, Li Z. Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy. Processes. 2023; 11(6):1725. https://doi.org/10.3390/pr11061725
Chicago/Turabian StyleHu, Wei, Xinyan Zhang, Lijuan Zhu, and Zhenen Li. 2023. "Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy" Processes 11, no. 6: 1725. https://doi.org/10.3390/pr11061725
APA StyleHu, W., Zhang, X., Zhu, L., & Li, Z. (2023). Optimal Allocation Method for Energy Storage Capacity Considering Dynamic Time-of-Use Electricity Prices and On-Site Consumption of New Energy. Processes, 11(6), 1725. https://doi.org/10.3390/pr11061725