An Approach to Propose Optimal Energy Storage System in Real-Time Electricity Pricing Environments

Based on the fact that the penetration of renewable energies is increasing dramatically, almost all the energy markets have changed and taken action to present the strategy of real-time pricing over the last decade. However, the research on how these renewables, which is going to become the vital part in the integrated energy system, coordinate with other energy sources under the real-time pricing. Moreover, with the development of energy storage system, issues about how to evaluate the participation of them in the integrated energy system and how to provide an optimal capability for them in a given settings should be given more consideration. This paper will focus on introducing an approach to coordinate the participation of all the energy resources in the integrated energy systems within and without energy storage system.