Energy Storage Operation Modes in Typical Electricity Market and Their Implications for China

As the Chinese government proposes ambitious plans to promote low-carbon transition,energy storage will play a pivotal role in China’s future power system.However,due to the lack of a mature electricity market environment and corresponding mechanisms,current energy storage in China faces problems such as unclear operational models,insufficient cost recovery mechanisms,and a single investment entity,making it difficult to support the rapid development of the energy storage industry.In contrast,European and American countries have already embarked on certain practices in energy storage operation models.Through exploration of key issues such as investment entities,market participation forms,and cost recovery channels in both front and back markets,a wealth of mature experiences has been accumulated.Therefore,this paper first summarizes the existing practices of energy storage operation models in North America,Europe,and Australia’s electricity markets separately from front and back markets,finding that perfect market mechanisms and reasonable subsidy policies are among the main drivers for promoting the rapid development of energy storage markets.Subsequently,combined with the actual development of China’s electricity market,it explores three key issues affecting the construction of costsharing mechanisms for energy storage under market conditions:Market participation forms,investment and operation modes,and cost recovery mechanisms.Finally,in line with the development expectations of China’s future electricitymarket,suggestions are proposed fromfour aspects:Market environment construction,electricity price formation mechanism,cost sharing path,and policy subsidy mechanism,to promote the healthy and rapid development of China’s energy storage industry.

Market Operation of Energy Storage System in Smart Grid:A Review

As a flexible resource,energy storage plays an increasingly significant role in stabilizing and supporting the power system,while providing auxiliary services.Still,the current high demand for energy storage contrasts with the fuzzy lack of market-oriented mechanisms for energy storage,the principle of market-oriented operation has not been embodied,and there is no unified and systematic analytical framework for the business model.However,the dispatch management model of energy storage in actual power system operation is not clear.Still,the specific scheduling process and energy storage strategy on the source-load-network side could be more specific,and there needs to be a greater understanding of the collaborative scheduling process of the multilevel scheduling center.On this basis,this paper reviews the energy storage operation model and market-based incentive mechanism,For different functional types and installation locations of energy storage within the power system,the operational models and existing policies for energy storage participation in the market that are adapted to multiple operating states are summarized.From the point of view of the actual scheduling and operation management of energy storage in China,an energy storage regulation and operation management model based on“national,provincial,and local”multilevel coordination is proposed,as well as key technologies in the interactive scenarios of source-load,network and storage.

Optimal Operation of Energy Hub Based Micro-energy Network with Integration of Renewables and Energy Storages

This study proposes an optimized model of a micro-energy network(MEN)that includes electricity and natural gas with integrated solar,wind,and energy storage systems(ESSs).The proposed model is based on energy hubs(EHs)and it aims to minimize operation costs and greenhouse emissions.The research is motivated by the increasing use of renewable energies and ESSs for secure energy supply while reducing operation costs and environment effects.A general algebraic modeling system(GAMS)is used to solve the optimal operation problem in the MEN.The results demonstrate that an optimal MEN formed by multiple EHs can provide appropriate and flexible responses to fluctuations in electricity prices and adjustments between time periods and seasons.It also yields significant reductions in operation costs and emissions.The proposed model can contribute to future research by providing a more efficient network model(as compared with the traditional electricity supply system)to scale down the environmental and economic impacts of electricity storage and supply systems on MEN operation.

Guest editorial:special section on energy storage systems and operational flexibility in power systems

The energy storage system(ESS) is becoming an important component in power systems to mitigate the adverse impact of intermittent renewable energy resources and improve power grid reliability and efficiency.However,storage devices driven by different technologies can have specific grid impacts.This special section is dedicated to reflecting the