This paper proposes an FESPS developed on the basis of a shared energy storage concept, which can execute the dual functions of power flow regulation and energy storage.
When the grid price is in the valley period, such as 15:00–18:00, the energy storage system chooses not to discharge regardless of the power shortage. Thereafter, the energy storage system initiates the discharging mechanism when the grid price is in the peak period starting period of 18:00.
The charging efficiency as well as the discharging efficiency of the FESPS is 0.95, the operation range of stored energy is 10%–95%, and the initial state of charge is 10%. The daily power consumption curves for loads B1–B5 are plotted in Fig. 7. The daily output curves for the renewable energy power stations A1–A4 is plotted in Fig. 8. Fig. 5.
The operation process of power flow regulation and shared energy storage of bus 1 after obtaining the solution to the bilevel optimization operation model is depicted in Fig. 9. During the periods of 01:00–05:00 and 23:00–24:00, the load is jointly supplied by the power flow transfer and the superior power grid.
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