Energy storage state-of-charge market model

N Zheng, X Qin, D Wu, G Murtaugh… - IEEE Transactions on …, 2023 - ieeexplore.ieee.org
This paper introduces and rationalizes a new model for bidding and clearing energy storage
resources in wholesale energy markets. Charge and discharge bids in this model depend …

Transferable energy storage bidder

Y Baker, N Zheng, B Xu - IEEE Transactions on Power Systems, 2023 - ieeexplore.ieee.org
Energy storage resources must consider both price uncertainties and their physical
operating characteristics when participating in wholesale electricity markets. This is a …

Convexifying market clearing of soc-dependent bids from merchant storage participants

C Chen, L Tong - IEEE Transactions on Power Systems, 2023 - ieeexplore.ieee.org
State-of-charge (SoC) dependent bidding allows merchant storage participants to
incorporate SoC-dependent operation and opportunity costs in a bid-based market clearing …

Multi-Interval Energy-Reserve Co-Optimization with SoC-Dependent Bids from Battery Storage

C Chen, S Li, L Tong - arXiv preprint arXiv:2401.15525, 2024 - arxiv.org
We consider the problem of co-optimized energy-reserve market clearing with state-of-
charge (SoC) dependent bids from battery storage participants. While SoC-dependent …

Convexifying regulation market clearing of state-of-charge dependent bid

S Li, C Chen, L Tong - 2024 IEEE Power & Energy Society …, 2024 - ieeexplore.ieee.org
We consider the problem of merchant storage participating in the regulation market with
state-of-charge (SoC) dependent bids. Because storage can simultaneously provide …

Energy storage price arbitrage via opportunity value function prediction

N Zheng, X Liu, B Xu, Y Shi - 2023 IEEE Power & Energy …, 2023 - ieeexplore.ieee.org
This paper proposes a novel energy storage price arbitrage algorithm combining supervised
learning with dynamic programming. The proposed approach uses a neural network to …