Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “economic dispatch”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 55 records · Page 3
All sourcesNASA NTRSDOE OSTI
DOE OSTI2022

Economic dispatch for electricity merchant with energy storage and wind plant: State of charge based decision making considering market impact and uncertainties

Here this paper investigates how the market impact of electricity merchants and uncertainty of wind generation affect their co-optimized scheduling policy, specifically for merchants who have both energy storage and wind plants. In the existing literature, merchants' trading actions are usually assumed not to affect market prices; however, a large-scale energy storage merchant's actions can affect market prices. To this end, we approximate the electricity price by a linear function of the quantity of power traded by the merchant in the reward function to achieve decision-making incorporating the market impact. This paper utilizes the dynamic programming approach to analyze merchants' optimal multi-period decision-making incorporating market impact, uncertain wind generation, and energy storage constraints. First, our results demonstrate that for a merchant with co-located energy storage facilities and wind power plants, the energy storage's feasible state of charge (SOC) range can be segmented into four possible sub-ranges by three analytically developed SOC reference points. The unique optimal trading decision can be achieved by comparing the current energy inventory and the SOC references of the next period. Second, our results show that market impact and uncertainties substantially change the optimal storage scheduling policy by impacting the values of the reference points. To mitigate the negative effect of the merchant's market impact on buying and selling actions, the merchant may reduce the amount of generating or pumping electricity each period to maximize profit. Moreover, we identify and investigate the trade-off between market price and transaction quantity. Our findings provide co-optimized scheduling guidance for electricity merchants with co-located energy storage and renewable power plants systems.

17 WIND ENERGY↗
DOE OSTI2013

Novel Controls for Time-Dependent Economic Dispatch of Combined Cooling Heating and Power (CCHP)

The research and development effort detailed in this report directly addresses the challenge of reducing U.S. industrial energy and carbon intensity by contributing to an increased understanding of potential CCHP technology, the CCHP market and the challenges of widespread adoption. This study developed a number of new tools, models, and approaches for the design, control, and optimal dispatch of various CCHP technologies. The UC Irvine campus served as a ‘living laboratory’ of new CCHP technologies and enabled the design and demonstration of several novel control methods. In particular, the integration of large scale thermal energy storage capable of shifting an entire day of cooling demand required a novel approach to the CCHP dispatch optimization. The thermal energy storage proved an economically viable resource which reduced both costs and emissions by enabling generators and chillers to operate under steady high efficiency conditions at all times of the day.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2020

Scenario Creation and Power-Conditioning Strategies for Operating Power Grids with Two-Stage Stochastic Economic Dispatch

A significant difficulty associated with the use of stochastic programming to solve optimal power flow problems on a 5-minute timescale is the quality of renewable energy scenarios input by the user. This is especially true when considering power systems with high penetrations of renewable energy, e.g. wind power. This paper introduces the use of stochastic programming to solve the DC optimal power flow problem with scenarios drawn directly from high-fidelity data sets. Hence, the proposed method avoids the problem of lost physics by finding high-fidelity analogs that can describe future states of the system. Furthermore, this method can be simply extended to output multi-period scenarios to the stochastic program. We demonstrate the effectiveness of this technique by simulating dispatch operations on a synthetic test system over the course of a week.

94 GMLC - Grid Modernization Laboratory Consortium↗
DOE OSTI2012

Large-scale Stochastic Optimization for Unit Commitment and Economic Dispatch

Our FY 2012 LDRD research on stochastic optimization with its application in power grid planning and operations has advanced the state-of-the-art of this area in the following aspects: (1) Deploying stochastic unit commitment on large real-world applications, (2) Stochastic optimization coupled with real-time production cost simulation (interleaved), and (3) Real-time stochastic optimization with rolling-horizon look-ahead. In conjunction, a number of computational experiments have been performed to evaluate the capability of the latest stochastic optimization software and explore opportunities for future research. In what follows, we discuss each of these contribution areas, including the results of our computational experiments and their implications on the scalability and solvability of large-scale stochastic optimization models.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2022

Multi-Fidelity Stochastic Economic Dispatch for Operating Low Carbon Power Grids

Grid operators can address the inherently stochastic nature of renewables by solving a two-stage stochastic programming model that minimizes the cost of dispatch decisions while accounting for the complex grid dynamics. It is common to use a sample average approximation to estimate the expectation of the second stage costs in this model. However, the large sample count needed for numerical accuracy makes effective modeling large-scale electric grids computationally intractable. We introduce a control variate multi-fidelity estimator for the second-stage recourse that enables high quality dispatch decisions in real-time with a reduced computational burden. We obtain a hierarchy of model fidelities by linearizing the AC power flow system representation to DC power flow, and by relaxing transmission and voltage network constraints. We evaluate the performance of our proposed method on a synthetic grid with 73 buses against a deterministic baseline with persistence forecast and a high-fidelity reference. Our analysis shows a computational speed-up of 7.62x with a minimal loss in accuracy. The multi-fidelity method is well suited to fidelity combinations that use a simplified network topology in their lower fidelity model and is an attractive option for applications where accurate grid modeling needed on a limited computational budget.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2018

Economic Dispatch for DC-Connected Battery Systems on Large PV Plants

Falling costs of energy storage combined with an increasing need to mitigate variable generation integration issues is leading to more PV projects that include batteries. Large PV plants that include batteries face challenges optimizing the value of the power they produce, especially when the batteries are DC-coupled and otherwise clipped power (due to high DC/AC ratio) is available. Multiple charging times and sources must be considered, including: grid charging, charging from PV that would otherwise be exported to the grid, and charging from clipped PV power. Then discharge schedules must be optimized against time-of-day pricing. The National Renewable Energy Laboratory in partnership with Southern Company has developed a heuristic algorithm in the System Advisor Model (SAM) which strategically charges the battery from PV and discharges the battery depending on the time-of-day prices of the PPA, the forecast PV production, and the estimated wear cost of the battery. The algorithm and case study results from a generic plant will be presented with recommendations for future work.

25 ENERGY STORAGE↗
DOE OSTI2020

Scenario Creation and Power-Conditioning Strategies for Operating Power Grids with Two-Stage Stochastic Economic Dispatch: Preprint

A significant difficultly associated with the use of stochastic programming to solve optimal power flow problems on a 5-minute timescale is the quality of renewable energy scenarios input by the user. This is especially true when considering power systems with high penetrations of renewable energy, e.g. wind power. This paper introduces the use of stochastic programming to solve the DCOPF problem with scenarios drawn directly from high-fidelity data sets. Hence, the proposed method avoids the problem of lost physics by finding high-fidelity analogs that can describe future states of the system. Furthermore, this method can be simply extended to output multi-period scenarios to the stochastic program. We demonstrate the effectiveness of this technique on simulated dispatch operations of the RTS-GMLC over a week.

70 PLASMA PHYSICS AND FUSION TECHNOLOGY↗