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Along with the increasing penetration of renewable energy, distribution system power flow may be significantly altered in terms of direction and magnitude. This will make delivering reliable power, on demand, a major challenge. In this paper, a novel battery energy storage system (BESS) based energy acquisition model is proposed for the operation of distribution companies (DISCOs) in regulating price or locational marginal price (LMP) mechanisms, while considering energy provision options within DISCO controlled areas. Based on this new model, a new battery operation strategy is proposed for better utilization of energy storage system (ESS) and mitigation operational risk from price volatility. Meanwhile, optimal sizing and siting decisions for BESS is obtained through a cost-benefit analysis method, which aims at maximizing the DISCO's profit from energy transactions, system planning and operation cost savings. The proposed energy acquisition model and ESS control strategy are verified on a modified IEEE 15-bus distribution network, and risk mitigation is also quantified in two different markets. The promising results show that the capacity requirement for ESS can be reduced and the operational risk can also be mitigated.Index Terms-Control strategy, distribution system, electricity markets, energy storage system, renewable energy. NOMENCLATURESet of buses and lines. BGSusceptance and conductance and of the line.Total cost function of the battery.Discount rate (%/year).Specific day in a year.

Economic load dispatch (ELD) is an important topic in the operation of power plants which can help to build up effective generating management plans. The ELD problem has nonsmooth cost function with equality and inequality constraints which make it difficult to be effectively solved. Different heuristic optimization methods have been proposed to solve this problem in previous study. In this paper, quantum-inspired particle swarm optimization (QPSO) is proposed, which has stronger search ability and quicker convergence speed, not only because of the introduction of quantum computing theory, but also due to two special implementations: self-adaptive probability selection and chaotic sequences mutation. The proposed approach is tested with five standard benchmark functions and three power system cases consisting of 3, 13, and 40 thermal units. Comparisons with similar approaches including the evolutionary programming (EP), genetic algorithm (GA), immune algorithm (IA), and other versions of particle swarm optimization (PSO) are given. The promising results illustrate the efficiency of the proposed method and show that it could be used as a reliable tool for solving ELD problems.Index Terms-Economic load dispatch, quantum-inspired particle swarm optimization.

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This paper proposes a coordinated operational dispatch scheme for wind farm with battery energy storage system (BESS). The main advantages of the proposed dispatch scheme are that it can reduce the impacts of wind power forecast errors while prolonging the lifetime of BESS. The scheme starts from planning stage, where a BESS capacity determination method is proposed to compute the optimal power capacity and energy capacity of BESS based on historical wind power data; and then, at operation stage, a flexible short-term BESS-wind farm dispatch scheme is proposed based on the forecasted wind power generation scenarios. Three case studies are provided to validate the performance of the proposed method. The results show that the proposed scheme can largely improve the wind farm dispatchability. t BESS E Energy stored in BESS at time t (MWh);

Artificial neural networks (ANNs) have been widely applied in electricity price forecasts due to their nonlinear modeling capabilities. However, it is well known that in general, traditional training methods for ANNs such as back-propagation (BP) approach are normally slow and it could be trapped into local optima. In this paper, a fast electricity market price forecast method is proposed based on a recently emerged learning method for single hidden layer feed-forward neural networks, the extreme learning machine (ELM), to overcome these drawbacks. The new approach also has improved price intervals forecast accuracy by incorporating bootstrapping method for uncertainty estimations. Case studies based on chaos time series and Australian National Electricity Market price series show that the proposed method can effectively capture the nonlinearity from the highly volatile price data series with much less computation time compared with other methods. The results show the great potential of this proposed approach for online accurate price forecasting for the spot market prices analysis.Index Terms-Bootstrapping, extreme learning machine, interval forecast, price forecast.

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