Journal of Modern Power Systems and Clean Energy

ISSN 2196-5625 CN 32-1884/TK

Optimal Bidding Strategy for PV and BESSs in Joint Energy and Frequency Regulation Markets Considering Carbon Reduction Benefits

1.the Key Laboratory of Modern Power System Simulation and Control & Renewable Energy Technology Ministry of Education, Northeast Electric Power University, ,;2.Datang Northeast Electric Power Test & Research Institute Co., Ltd., Changchun 130102, China

Fund Project:

This work was supported by the Jilin Province Science and Technology Development Plan Project (No. 20220203163SF).

  • Article
  • |
  • Figures
  • |
  • Metrics
  • |
  • Reference
  • |
  • Related
  • |
  • Cited by
  • |
  • Materials

    Photovoltaic (PV) and battery energy storage systems (BESSs) are key components in the energy market and crucial contributors to carbon emission reduction targets. These systems can not only provide energy but can also generate considerable revenue by providing frequency regulation services and participating in carbon trading. This study proposes a bidding strategy for PV and BESSs operating in joint energy and frequency regulation markets, with a specific focus on carbon reduction benefits. A two-stage bidding framework that optimizes the profit of PV and BESSs is presented. In the first stage, the day-ahead energy market takes into account potential real-time forecast deviations. In the second stage, the real-time balancing market uses a rolling optimization method to account for multiple uncertainties. Notably, a real-time frequency regulation control method is proposed for the participation of PV and BESSs in automatic generation control (AGC). This is particularly relevant given the uncertainty of grid frequency fluctuations in the optimization model of the real-time balancing market. This control method dynamically assigns the frequency regulation amount undertaken by the PV and BESSs according to the control interval in which the area control error (ACE) occurs. The case study results demonstrate that the proposed bidding strategy not only enables the PV and BESSs to effectively participate in the grid frequency regulation response but also yields considerable carbon emission reduction benefits and effectively improves the system operation economy.

    Cited by
Get Citation
Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
  • Received:September 26,2023
  • Revised:December 26,2023
  • Adopted:
  • Online: March 27,2024
  • Published: