| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5477073 | Energy | 2017 | 10 Pages |
Abstract
Based on one year simulations, a sequential quadratic programming (SQP) approach is compared to a dynamic programming (DP) and an integer linear programming (ILP) approach with respect to runtime and control objective. All approaches lead to very similar results, however ILP leads to the shortest runtimes. ILP is then used to investigate the grid balancing potential using last decade's hourly day-ahead prices. Higher market data resolutions featuring quarter-hours introduced in 2014 lead to higher earnings. For hourly day-ahead prices the optimal capacity-to-power ratio of the battery is approximately 6Â h while for quarter-hourly prices it is about 3Â h.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
Authors
B. Faessler, P. Kepplinger, J. Petrasch,