Assessment of storage system benefits on the reliability and the cost of composite electric power systems

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dc.contributor.authorKoksal A.
dc.contributor.authorOzdemir A.
dc.date.accessioned2024-03-13T10:00:57Z
dc.date.available2024-03-13T10:00:57Z
dc.date.issued2022
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description7th IEEE International Energy Conference, ENERGYCON 2022 -- 9 May 2022 through 12 May 2022 -- -- 181231en_US
dc.description.abstractIncreasing penetration of intermittent renewable generation and demand uncertainty in electric power systems has accelerated the efforts to improve system reliability. This study presents a method to identify the benefits of the two representative storage systems in composite electric power systems in terms of system reliability and cost-effectivity. At first, the reliability indices of the system are determined using the results of contingency analysis integrated with Monte Carlo simulations. Then the total costs, including the generation, storage, and low-reliability costs, are calculated. The proposed method is applied to the IEEE-RTS-96 test system to quantify the benefits. The two alternatives, namely, Compressed Air Energy Storage Systems (CAES) and Battery Energy Storage Systems (BESS), are compared to their overall cost benefits. © 2022 IEEE.en_US
dc.identifier.doi10.1109/ENERGYCON53164.2022.9830161
dc.identifier.isbn9781665479820
dc.identifier.scopus2-s2.0-85136127921en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://doi.org/10.1109/ENERGYCON53164.2022.9830161
dc.identifier.urihttps://hdl.handle.net/20.500.12662/2893
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInstitute of Electrical and Electronics Engineers Inc.en_US
dc.relation.ispartofENERGYCON 2022 - 2022 IEEE 7th International Energy Conference, Proceedingsen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBattery Energy Storage Systemen_US
dc.subjectComposite System Reliability Assessmenten_US
dc.subjectCompressed Air Energy Storageen_US
dc.subjectCost-Effectivityen_US
dc.subjectEnergy Storage systemsen_US
dc.subjectMonte Carlo simulationen_US
dc.titleAssessment of storage system benefits on the reliability and the cost of composite electric power systemsen_US
dc.typeConference Objecten_US

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