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Comprehensive Evaluation of a Pumped Storage Operation Effect Considering Multidimensional Benefits of a New Power System

Author

Listed:
  • Yinguo Yang

    (Electric Power Dispatching and Control Center of Guangdong Power Grid Co., Ltd., Guangzhou 510600, China)

  • Ying Yang

    (Department of Electrical Engineering, Tsinghua University, Beijing 100184, China)

  • Qiuyu Lu

    (Electric Power Dispatching and Control Center of Guangdong Power Grid Co., Ltd., Guangzhou 510600, China)

  • Dexu Liu

    (Department of Electrical Engineering, Tsinghua University, Beijing 100184, China)

  • Pingping Xie

    (Electric Power Dispatching and Control Center of Guangdong Power Grid Co., Ltd., Guangzhou 510600, China)

  • Mu Wang

    (Department of Electrical Engineering, Tsinghua University, Beijing 100184, China)

  • Zhenfan Yu

    (Electric Power Dispatching and Control Center of Guangdong Power Grid Co., Ltd., Guangzhou 510600, China)

  • Yang Liu

    (Electric Power Dispatching and Control Center of Guangdong Power Grid Co., Ltd., Guangzhou 510600, China)

Abstract

This paper focuses on the evaluation of the operational effect of a pumped storage plant in a new power system. An evaluation index system is established by selecting key indicators from the four benefit dimensions of system economy, low carbon, flexibility, and reliability. The evaluation criteria are based on the values of indexes for pumped storage plants that have already been put into operation. Using this method, the operational effect of pumped storage plants with different installed capacities, regulation durations, and conversion efficiencies are comprehensively evaluated and analyzed. The calculation results show that the operation effect of a pumped storage plant with high regulation performance and high comprehensive conversion efficiency is better, indicating that the established index system and evaluation method can comprehensively and truly reflect the positive benefits brought by a pumped storage plant to a new power system. This study can provide a practical reference for the early planning and decision making of pumped storage in a new power system.

Suggested Citation

  • Yinguo Yang & Ying Yang & Qiuyu Lu & Dexu Liu & Pingping Xie & Mu Wang & Zhenfan Yu & Yang Liu, 2024. "Comprehensive Evaluation of a Pumped Storage Operation Effect Considering Multidimensional Benefits of a New Power System," Energies, MDPI, vol. 17(17), pages 1-16, September.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:17:p:4449-:d:1471619
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    References listed on IDEAS

    as
    1. Yagi, Chihiro & Takeuchi, Kenji, 2023. "Estimating the value of energy storage: The role of pumped hydropower in the electricity supply network," Japan and the World Economy, Elsevier, vol. 68(C).
    2. Zhang, Rufeng & Chen, Yan & Li, Zhengmao & Jiang, Tao & Li, Xue, 2024. "Two-stage robust operation of electricity-gas-heat integrated multi-energy microgrids considering heterogeneous uncertainties," Applied Energy, Elsevier, vol. 371(C).
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    Cited by:

    1. Weihao Wang & Jianbin Fan & Jian Le & Gong Zhang & Longxiang Chen & Lei Deng, 2025. "An Analytical Method to the Economics of Pumped Storage Power Plants Based on the Real Options Method," Energies, MDPI, vol. 18(19), pages 1-12, October.
    2. Cong Feng & Qi Guo & Qian Liu & Feihong Jian, 2025. "An Optimized Dynamic Benefit Evaluation Method for Pumped Storage Projects in the Context of the “Dual Carbon” Goal," Energies, MDPI, vol. 18(11), pages 1-27, May.

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