SYApr 1, 2016
Profit-Maximizing Planning and Control of Battery Energy Storage Systems for Primary Frequency ControlYing Jun, Zhang, Changhong Zhao et al.
We consider a two-level profit-maximizing strategy, including planning and control, for battery energy storage system (BESS) owners that participate in the primary frequency control (PFC) market. Specifically, the optimal BESS control minimizes the operating cost by keeping the state of charge (SoC) in an optimal range. Through rigorous analysis, we prove that the optimal BESS control is a "state-invariant" strategy in the sense that the optimal SoC range does not vary with the state of the system. As such, the optimal control strategy can be computed offline once and for all with very low complexity. Regarding the BESS planning, we prove that the the minimum operating cost is a decreasing convex function of the BESS energy capacity. This leads to the optimal BESS sizing that strikes a balance between the capital investment and operating cost. Our work here provides a useful theoretical framework for understanding the planning and control strategies that maximize the economic benefits of BESSs in ancillary service markets.
SYSep 7, 2017
Electrical Vehicle Charging Station Profit Maximization: Admission, Pricing, and Online SchedulingShuoyao Wang, Suzhi Bi, Ying Jun et al.
The rapid emergence of electric vehicles (EVs) demands an advanced infrastructure of publicly accessible charging stations that provide efficient charging services. In this paper, we propose a new charging station operation mechanism, the JoAP, which jointly optimizes the EV admission control, pricing, and charging scheduling to maximize the charging station's profit. More specifically, by introducing a tandem queueing network model, we analytically characterize the average charging station profit as a function of the admission control and pricing policies. Based on the analysis, we characterize the optimal JoAP algorithm. Through extensive simulations, we demonstrate that the proposed JoAP algorithm on average can achieve 330% and 531% higher profit than a widely adopted benchmark method under two representative waiting-time penalty rates.
OHAug 26, 2016
Online Charging Scheduling Algorithms of Electric Vehicles in Smart Grid: An OverviewWanrong Tang, Suzhi Bi, Ying Jun et al.
As an environment-friendly substitute for conventional fuel-powered vehicles, electric vehicles (EVs) and their components have been widely developed and deployed worldwide. The large-scale integration of EVs into power grid brings both challenges and opportunities to the system performance. On one hand, the load demand from EV charging imposes large impact on the stability and efficiency of power grid. On the other hand, EVs could potentially act as mobile energy storage systems to improve the power network performance, such as load flattening, fast frequency control, and facilitating renewable energy integration. Evidently, uncontrolled EV charging could lead to inefficient power network operation or even security issues. This spurs enormous research interests in designing charging coordination mechanisms. A key design challenge here lies in the lack of complete knowledge of events that occur in the future. Indeed, the amount of knowledge of future events significantly impacts the design of efficient charging control algorithms. This article focuses on introducing online EV charging scheduling techniques that deal with different degrees of uncertainty and randomness of future knowledge. Besides, we highlight the promising future research directions for EV charging control.