Economic dispatch of wind integrated power systems with energy storage considering composite operating costs

Abstract

An economic dispatch (ED) model is proposed in this study for accommodating high penetrations of wind power with the integration of battery energy storage (BES) in power systems. In the proposed ED model, a wind‐storage combined system (WSCS) model is studied to collectively mitigate the output fluctuations and improve the wind power utilisation. In addition, the proposed concept of composite operating costs include the unit operation cost, environmental cost, reserve cost, compensation cost for wind power curtailment, and energy loss cost of ES. With the minimisation of the composite operating costs as the objective function of the proposed ED model with WSCS, a modified bacterial foraging algorithm (MBFA) is proposed to solve the optimisation problem based on a combination of the bacterial foraging algorithm (BFA) and the Particle Swarm Optimisation (PSO). Furthermore, the case study on the IEEE 30‐bus system has been used to demonstrate the feasibility and effectiveness of the proposed ED model and the performance improvement of the MBFA algorithm over BFA or PSO alone. The comparison between different scenarios shows that the integration of ES in the proposed model effectively improves the wind power utilisation and the system efficiency.