Optimal offer-bid strategy of an energy storage portfolio: A linear quasi-relaxation approach
Sign Up to like & getrecommendations! Published in 2020 at "Applied Energy"
DOI: 10.1016/j.apenergy.2019.114251
Abstract: This paper proposes a model of the behavior of an expected profit-maximizing merchant storage owner with the ability to exercise unilateral market power. The resulting non-linear bilevel optimization problem is transformed into a single-level stochastic… read more here.
Keywords: storage; quasi relaxation; linear quasi; storage owner ... See more keywords
Convexifying Market Clearing of SoC-Dependent Bids From Merchant Storage Participants
Sign Up to like & getrecommendations! Published in 2022 at "IEEE Transactions on Power Systems"
DOI: 10.1109/tpwrs.2023.3242470
Abstract: State-of-charge (SoC) dependent bidding allows merchant storage participants to incorporate SoC-dependent operation and opportunity costs in a bid-based market clearing process. However, such a bid results in a non-convex cost function in the multi-interval economic… read more here.
Keywords: merchant storage; dependent bids; market clearing; storage participants ... See more keywords