Smart Integration of Renewable Energy Sources Employing Setpoint Frequency Control-An Analysis on the Grid Cost of Balancing

The increasing installation of Renewable Energy Sources (RES) presents significant challenges to the stability and reliability of power systems. This paper introduces an advanced control method to mitigate the adverse effects of intermittent generation from RES on the power system frequency stability. The proposed approach emphasizes the critical role of Battery Energy Storage Systems (BESS) and RES in enhancing the resilience of modern power networks. The Generation Export Management Schemes (GEMS) are employed to curtail the excessive export of RES, thereby contributing to improved frequency stability. This research involves a comprehensive analysis of the dynamic behavior of the network under various operational scenarios, particularly focusing on power exchanges between RES, BESS, and synchronous generation units. Furthermore, this paper focuses on the economic implications of integrating RES into the grid, with a detailed cost of balancing (COB) modelling and analysis conducted to assess the financial viability of the proposed frequency management solutions. The analysis encompasses both short-term and long-term perspectives, providing insights into the development of economically sustainable smart power networks that effectively integrate renewable energy and storage technologies while maintaining system stability.