The charge and discharge efficiency is 90%, and the maximum and minimum allowable power are 90% and 10% of the energy storage capacity, respectively. The daily load curve of the power system in which the energy storage station participates in the ancillary service is shown in Fig. 3.
The result of the example showed that the return rate of the energy storage power station under the trading strategy in this paper was increased by 8.14% compared with that of the conventional strategy. The operation life is extended by 51.1%, which verifies the superiority of the trading strategy in this paper.
In the 1–4 and 14–15 periods, the energy storage power station can be strategic charged to supplement the electricity consumed by its own discharge so that it can fully participate in the frequency modulation market and obtain the frequency modulation income.
The energy storage power station under the conventional strategy participates in the electric energy market transaction for a long time, and the quotation fluctuation is small except for the peak power consumption in the evening.
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