Pricing method of electric-thermal heterogeneous shared energy storage service

Chutong Wang, Xiaoyan Zhang, Yucui Wang, Houbo Xiong, Xi Ding and Chuangxin Guo

Energy, 2023, vol. 281, issue C

Abstract: Energy storage system (ESS) has been considered as a pivotal technology enjoying a wide range of applications in different levels of power systems. However, the investment of ESS is still relatively high. Thus, shared energy storage (SES) is consequently recognized as a promising business model. Considering the dynamic virtual energy storage characteristics of heat network, this paper proposes a power-thermal heterogeneous SES model to meet the practical need of participants. Firstly, a quasi-dynamic model of heat energy transport is conducted to analyze the virtual energy storage potential of heat network. Then, the power-thermal heterogeneous SES model is developed to describe the formation mechanism of ESS supply and demand with heat network as the schedulable energy storage resource. Furthermore, a pricing method of electric-thermal heterogeneous SES is proposed. The upper-level problem of it targets at maximizing the benefits of the SES operator, while the lower-level problem aims to minimize the costs of users. Simultaneously, the service price and user purchase capacity can be obtained as optimization variables. Finally, case studies are adapted to verify the rationality and validity of the proposed model.

Keywords: Electric-thermal system; Shared energy storage; Pricing method (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544223016699
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:281:y:2023:i:c:s0360544223016699

DOI: 10.1016/j.energy.2023.128275

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().