Increasing variable generation penetration and the consequent increase in short-term variability makes energy storage technologies look attractive, especially in the ancillary market for providing frequency regulation services. This paper presents slow dynamics model for compressed air energy storage and battery storage technologies that can be used in automatic generation control studies to assess the system frequency response and quantify the benefits from storage technologies in providing regulation service. The paper also represents the slow dynamics model of the power system integrated with storage technologies in a complete state space form. The storage technologies have been integrated to the IEEE 24 bus system with single area, and a comparative study of various solution strategies including transmission enhancement and combustion turbine have been performed in terms of generation cycling and frequency response performance metrics.