Title :
The future of energy storage in a deregulated environment
Abstract :
Energy storage is now a viable option for generation planning. It is a disruptive technology, which is capable of altering the present and established methods of power system planning and operation. The ability to generate electrical power and store the energy for seconds, minutes or hours until required means that power systems no longer have to be configured with sufficient rotating generating plant to meet the peak demand and operating margin. Power plants do not have to be kept in reserve to provide system support (spinning reserve or short-term standby) which is costly in terms of both energy and emissions, it is now possible to install generating plant to meet the average demand, and modulate the supply of electricity using energy storage. Generating plant will be run at optimum conditions in respect of heat rate or efficiency, and emissions. This strategy will lead towards the achievement of two important goals: reducing system operating costs and reducing the environmental impact of power production
Keywords :
electricity supply industry; energy storage; power generation planning; average demand; deregulated environment; efficiency; electrical power generation; electricity supply modulation; emissions; energy storage; environmental impact reduction; generating plant; generation planning; heat rate; operating margin; optimum conditions; peak demand; power production; power system planning; rotating generating plant; short-term standby; spinning reserve; system operating costs reduction; Batteries; Costs; Energy management; Energy storage; Hydrogen storage; Power generation; Power quality; Spinning; Standby generators; Supply and demand;
Conference_Titel :
Power Engineering Society Summer Meeting, 2000. IEEE
Conference_Location :
Seattle, WA
Print_ISBN :
0-7803-6420-1
DOI :
10.1109/PESS.2000.868754
