Dissertation/Thesis Abstract

Battery Energy Storage Operating Plan to Maximize Wholesale Power Cost Reduction for Electric Cooperatives in PJM
by Hewa, John D., D.Engr., The George Washington University, 2020, 122; 28029415
Abstract (Summary)

This praxis addresses the operational dispatch and economic benefit of battery energy storage systems (BESSs) for electric distribution cooperatives in PJM. The applied research uses day-ahead market (DAM) signals and load forecast data from the PJM market to develop a battery Energy Storage Operating Plan (b-ESOP) for optimizing the scheduling and decision making for charging and discharging of battery energy storage systems.

The b-ESOP recognizes the stacked revenue potential of battery storage systems capable of satisfying both energy arbitrage and demand response (DR) services. The operating plan addresses conflict between daily energy arbitrage opportunities and specific coincident peak demand reduction strategies and their respective expected values. As load-serving distribution utilities, electric cooperatives may pursue opportunities to dispatch energy storage systems in the PJM market, as well as pursue opportunities to reduce purchase power energy costs and monthly demand billing determinants through tariff-based wholesale power supply contracts.

The operating plan will inform the utility by providing a probabilistic, day-ahead strategy selection and optimized schedule for storage system dispatch in order to maximize reduction in wholesale power costs.

Indexing (document details)
Advisor: Etemadi, Amir, Adetunji, Oluwatomi
Commitee: Blackburn, Timothy
School: The George Washington University
Department: Engineering Management
School Location: United States -- District of Columbia
Source: DAI-B 82/2(E), Dissertation Abstracts International
Source Type: DISSERTATION
Subjects: Engineering, Energy
Keywords: Batteries, BESS, Electricity, Storage, Power
Publication Number: 28029415
ISBN: 9798662567283
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