Energy Storage State-of-Charge Market Model
Energy Storage State-of-Charge Market Model
复制标题
储能充电状态市场模型
DOI:
10.1109/tempr.2023.3238135
复制
发表时间:
2022
期刊:
影响因子:
--
通讯作者:
Bolun Xu
中科院分区:
文献类型:
--
作者:
Ningkun Zheng;Xin Qin;Di Wu;Gabe Murtaugh;Bolun Xu
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 on the storage state-of-charge (SoC). In this setting, storage participants submit different bids for each SoC segment. The system operator monitors the storage SoC and updates their bids accordingly in market clearings. Combined with an optimal bidding design algorithm using dynamic programming, our paper shows that the SoC segment market model provides more accurate representations of the opportunity costs of energy storage compared to existing power-based bidding models. The new model also captures the inherent SoC-dependent operational characteristics of energy storage. We benchmark the SoC segment market model against an existing single-segment model in price-taker and price-influencer simulations. The simulation results show that compared to the existing power-based bidding model, the proposed model improves profits by 10–56% in the price-taker case study; the model also improves total system cost reduction from storage by around 5%, and helps reduce price volatilities in the price-influencer case study.
影响因子:
3.8
作者:
Bhattacharjee, Shubhrajit;Sioshansi, Ramteen;Zareipour, Hamidreza
通讯作者:
Zareipour, Hamidreza
影响因子:
6.6
作者:
Chen, Cong;Tong, Lang
通讯作者:
Tong, Lang