Economic Optimal Operation of Community Energy Storage Systems in Competitive Energy Markets
| dc.contributor.author | Arghandeh, Reza | |
| dc.contributor.author | Woyak, Jeremy | |
| dc.contributor.author | Onen, Ahmet | |
| dc.contributor.author | Jung, Jaesung | |
| dc.contributor.author | Broadwater, Robert P. | |
| dc.date.accessioned | 2025-09-25T10:45:22Z | |
| dc.date.available | 2025-09-25T10:45:22Z | |
| dc.date.issued | 2014 | |
| dc.description | Onen, Ahmet/0000-0001-7086-5112; Arghandeh, Reza/0000-0002-0691-5426 | en_US |
| dc.description.abstract | Distributed, controllable energy storage devices offer several benefits to electric power system operation. Three such benefits include reducing peak load, providing standby power, and enhancing power quality. These benefits, however, are only realized during peak load or during an outage, events that are infrequent. This paper presents a means of realizing additional benefits by taking advantage of the fluctuating costs of energy in competitive energy markets. An algorithm for optimal charge/discharge scheduling of Community Energy Storage (CES) devices as well as an analysis of several of the key drivers of the optimization are discussed. (C) 2014 Elsevier Ltd. All rights reserved. | en_US |
| dc.description.sponsorship | Department of Energy; DTE Energy [DE-OE0000229] | en_US |
| dc.description.sponsorship | The authors wish to thank the Department of Energy and DTE Energy for support of this work on the Smart Grid Demonstration Project (DE-OE0000229) entitled "Detroit Edison's Advanced Implementation of Community Energy Storage Systems for Grid Support". | en_US |
| dc.identifier.doi | 10.1016/j.apenergy.2014.08.066 | |
| dc.identifier.issn | 0306-2619 | |
| dc.identifier.issn | 1872-9118 | |
| dc.identifier.scopus | 2-s2.0-84907192993 | |
| dc.identifier.uri | https://doi.org/10.1016/j.apenergy.2014.08.066 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12573/3668 | |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier Sci Ltd | en_US |
| dc.relation.ispartof | Applied Energy | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Community Energy Storage | en_US |
| dc.subject | Electricity Market Price | en_US |
| dc.subject | Battery Scheduling | en_US |
| dc.subject | Battery Optimal Control | en_US |
| dc.subject | Distributed Energy Resources | en_US |
| dc.title | Economic Optimal Operation of Community Energy Storage Systems in Competitive Energy Markets | en_US |
| dc.type | Article | en_US |
| dspace.entity.type | Publication | |
| gdc.author.id | Onen, Ahmet/0000-0001-7086-5112 | |
| gdc.author.id | Arghandeh, Reza/0000-0002-0691-5426 | |
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| gdc.author.wosid | Jung, Jaesung/Hgu-0861-2022 | |
| gdc.author.wosid | Onen, Ahmet/Ial-8894-2023 | |
| gdc.author.wosid | Arghandeh, Reza/M-4895-2013 | |
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| gdc.description.department | Abdullah Gül University | en_US |
| gdc.description.departmenttemp | [Arghandeh, Reza] Univ Calif Berkeley, Calif Inst Energy & Environm, Berkeley, CA 94720 USA; [Onen, Ahmet; Broadwater, Robert P.] Abdullah Gul Univ, Dept Elect & Elect Engn, Kayseri, Turkey; [Woyak, Jeremy] Elect Distribut Design Inc, Blacksburg, VA USA; [Jung, Jaesung] Brookhaven Natl Lab, Upton, NY 11973 USA | en_US |
| gdc.description.endpage | 80 | en_US |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
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| gdc.description.startpage | 71 | en_US |
| gdc.description.volume | 135 | en_US |
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| gdc.oaire.keywords | Physics - Physics and Society | |
| gdc.oaire.keywords | Distributed Energy Resources | |
| gdc.oaire.keywords | FOS: Physical sciences | |
| gdc.oaire.keywords | Electricity market price | |
| gdc.oaire.keywords | Battery optimal control | |
| gdc.oaire.keywords | Physics and Society (physics.soc-ph) | |
| gdc.oaire.keywords | Community Energy Storage | |
| gdc.oaire.keywords | FOS: Economics and business | |
| gdc.oaire.keywords | Battery scheduling | |
| gdc.oaire.keywords | Quantitative Finance - General Finance | |
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| gdc.virtual.author | Önen, Ahmet | |
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