All the electricity from the wind farm without energy storage is sold to the grid and users. The annual revenue is 12.78 million US dollars. When integrating the energy storage plant, it stores the wind power when the electricity price is low, and releases it when the price is high.
A wind farm with an energy storage device is considered as a whole to be connected to the grid market. Firstly, the energy storage device stores abandoned wind generation to eliminate curtailment. Secondly, it stores wind generation when the price of electricity is pretty low.
The operation strategy is that at off-peak time (low price), the energy storage system stores electricity; at on-peak time (high price), it releases electricity. Benefits are generated through the electricity price arbitrage. The revenue of generation from a wind farm without energy storage was calculated by equation (1) throughout a whole year.
After energy storage is integrated into the wind farm, one part of the wind power generation is sold to the grid directly, and the other part is purchased and stored with a low price, and then is sold with a high price through the energy storage system.
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