Optimal capacity of the battery energy storage system in a power system

Abstract

This paper investigates the optimal capacity of a battery energy storage system in a power system. The Taiwan Power Company System is used as an example system to test this algorithm. Results show that the maximum economic benefit of battery energy storage in a power system can be achieved by this algorithm.< <ETX xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">&gt;</ETX>