Optimal energy storage configuration for joint energy‐regulation market participating renewable energy plants with excess revenue recovery mechanism

Abstract The fluctuation and stochastic characteristics of renewable energy resources challenge the secure system operation and also impose significant financial risks for the market participating renewable energy plants (REPs). Energy storage systems (ESSs) can serve as effective tools in enhancing...

Full description

Bibliographic Details
Main Authors: Weihong Liu, Qiangyu Ren, Jiaojiao Deng, Jincheng Guo, Xiaoming Zheng, Hongli Liu
Format: Article
Language:English
Published: Wiley 2023-12-01
Series:IET Energy Systems Integration
Subjects:
Online Access:https://doi.org/10.1049/esi2.12112