The ongoing electrification of the heat and transport sectors is expected to lead to a substantial increase in peak electricity demand over the coming decades, which may drive significant investment in network reinforcement in order to maintain a secure supply of electricity to consumers. The traditional way of security provision has been based on conventional investments such as the upgrade of the capacity of electricity transmission or distribution lines. However, the energy storage technology can also provide security of supply, thereby constituting a cost-efficient alternative to expensive conventional reinforcements. In this context, the current paper presents a methodology for the economic quantification of the security contribution of energy storage. This methodology makes use of mathematical optimization for the calculation of the F-factor metric, which reflects the optimal amount of peak demand reduction as compared to the power capability of the energy storage asset. In this context, a case study is presented in which the security contribution of energy storage is analyzed as a function of its power capability, energy capacity and efficiency as well as of characteristics of load patterns.

Power system decentralization has been an emerging topic for the past decade in an effort to improve power quality and environment protection via increased integration of renewable energy sources. Towards these objectives, decentralized microgrids have been proposed and thoroughly investigated in terms of technical capabilities and economic performance. In fact, the planning and actual operation of small-scale, decentralized microgrids has started in countries such as Canada, Japan, USA, UK and other countries. It is expected that the research in this area will progress and eventually take over the existing paradigm of large-scale power generation in the future. These small-size decentralized microgrids could be connected with nearby microgrids under normal operating conditions, but under special events, such as natural or man-made disasters, they would be disconnected and run in islanded mode. Under such high impact – low probability events, the microgrid must have resiliency to successfully re-connect with other microgrids and the main grid. In this paper, an Energy Management System (EMS) for a microgrid having a resiliency function, allowing to operate under islanded mode after an accident, is proposed. The proposed tool, called Resilient Energy Management System (ResEMS), aims at procuring reserve power into the microgrid’s Battery Energy Storage System (BESS) effectively, by importing it from the nearby connected power system. The accident is assumed to be a predictable natural disaster, which means that the accident occurrence time, duration and level of damage can be estimated. The proposed ResEMS has been applied to a microgrid comprising of a BESS, a diesel generator and several photovoltaic devices. The simulation results verify its beneficial operation.