The user is asked to provide information on how the energy storage system will be operated to inform how the project will impact load shape. These objective options are provided as a mechanism to approximate energy storage system behavior.<\/p>\n\n\n\n
The Market Participation objective assumes that a new energy storage system\u00a0will be operated to maximize economic benefit based on hourly price signals. \u00a0The objective module has been implemented as a linear programming (LP) algorithm and is derived from work done by Wu (2015).\u00a0Implicit in this implementation is that operation of the energy storage system\u00a0does not change dispatch or alter the price of energy.<\/p>\n\n\n\n
Complete project description.<\/a><\/p>\n\n\n\n The daily peak reduction objective assumes that a new energy storage system is operated to minimize load variance, which ultimately results in peak reduction and valley-filling. <\/p>\n\n\n\n Complete project <\/a>description<\/a>.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The user is asked to provide information on how the energy storage system will be operated to inform how the project will impact load shape. These objective options are provided as a mechanism to approximate energy storage system behavior. Market Participation Complete project description. Daily Peak Reduction Complete project description.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":187,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"tags":[],"class_list":["post-193","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/pages\/193"}],"collection":[{"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/comments?post=193"}],"version-history":[{"count":3,"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/pages\/193\/revisions"}],"predecessor-version":[{"id":235,"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/pages\/193\/revisions\/235"}],"up":[{"embeddable":true,"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/pages\/187"}],"wp:attachment":[{"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/media?parent=193"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gridpiq.pnnl.gov\/v2-beta\/doc\/wp-json\/wp\/v2\/tags?post=193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Daily Peak Reduction<\/h2>\n\n\n\n