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In this paper, we propose a joint optimization framework for peak shaving and frequency regulation under a Time of Use pricing, taking into account battery degradation, to increase the. Application of a battery energy storage for frequency regulation and. . The main contributions of this work are described as follows: A peak shaving and frequency regulation coordinated output strategy based on the existing energy storage participating is proposed to improve the economic problem of energy storage development and increase the economic benefits of energy. . Abstract—FERC Order 755 requires RTO/ISOs to compensate the frequency regulation resources based on the actual regulation service provided. Moreover, frequency regulation requires a fast response, high rate performance, and high power capability its of energy storage in industrial parks. Energy storage alleviates peak demand, stabilizes grid frequency, enhances resilience against outages, and supports renewable energy integration. The technology offers scalable solutions, complemented by advancements. .
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