The role of electricity market design for energy storage in cost-efficient decarbonization
Energy storage is widely recognized by power system utilities and regulators as a crucial
resource for achieving energy decarbonization. However, in deregulated power systems …
resource for achieving energy decarbonization. However, in deregulated power systems …
Continuous Approximate Dynamic Programming Algorithm to Promote Multiple Battery Energy Storage Lifespan Benefit in Real-time Scheduling
This paper aims to promote the lifespan benefit of multiple battery energy storage (BES) in
real-time scheduling. An effective real-time scheduling model is formulated with the …
real-time scheduling. An effective real-time scheduling model is formulated with the …
Transferable energy storage bidder
Energy storage resources must consider both price uncertainties and their physical
operating characteristics when participating in wholesale electricity markets. This is a …
operating characteristics when participating in wholesale electricity markets. This is a …
Capturing opportunity costs of peer-to-peer energy transactions in microgrids via virtual state-of-charge bids
Y Xia, Y Huang, T Lin, J Fang, L Shi, F Wu - Applied Energy, 2024 - Elsevier
Since the prosumers can absorb or generate power in the P2P energy market, we
equivalently model the prosumers as virtual energy storages (VESs) and employ the latest …
equivalently model the prosumers as virtual energy storages (VESs) and employ the latest …
Distribution System Behind-the-Meter DERs: Estimation, Uncertainty Quantification, and Control
This paper summarizes the three-year technical activities of the IEEE Task Force (TF) on
behind-the-meter (BTM) distributed energy resources (DERs): estimation, uncertainty …
behind-the-meter (BTM) distributed energy resources (DERs): estimation, uncertainty …
Impact of bidding and dispatch models over energy storage utilization in bulk power systems
Energy storage is a key enabler towards a low-emission electricity system, but requires
appropriate dispatch models to be economically coordinated with other generation …
appropriate dispatch models to be economically coordinated with other generation …
Accurate Modeling of Lithium-ion Batteries for Power System Economics
This paper presents a realistic yet linear model of battery energy storage to be used for
various power system studies. The presented methodology for determining model …
various power system studies. The presented methodology for determining model …
Capturing Opportunity Costs of Batteries with a Staircase Supply-Demand Function
Y Guo, C Gao, C Chen - arXiv preprint arXiv:2409.04128, 2024 - arxiv.org
In the global pursuit of carbon neutrality, the role of batteries is indispensable. They provide
pivotal flexibilities to counter uncertainties from renewables, preferably by participating in …
pivotal flexibilities to counter uncertainties from renewables, preferably by participating in …
Wholesale market participation of storage with state-of-charge dependent bids
Wholesale market participation of storage with state-of-charge (SoC) dependent bids results
in a non-convex cost in a multi-interval economic dispatch, which requires a mixed-integer …
in a non-convex cost in a multi-interval economic dispatch, which requires a mixed-integer …
Energy management of price-maker community energy storage by analytical stochastic dynamic programming
L Deng, X Zhang, T Yang, H Sun, Y Fu… - CSEE Journal of …, 2023 - ieeexplore.ieee.org
In this paper, we propose an analytical stochastic dynamic programming (SDP) algorithm to
address the optimal management problem of price-maker community energy storage. As a …
address the optimal management problem of price-maker community energy storage. As a …