Title :
Energy storage operation in the day-ahead electricity market
Author :
Pandzic, Hrvoje ; Kuzle, Igor
Author_Institution :
Faculty of Electrical Engineering and Computing, University of Zagreb, Zagreb, Croatia
Abstract :
This paper considers market operation of an energy storage unit. The goal is to assess the potentials for revenue and impact of a profit-maximizing storage unit on market prices in the day-ahead electricity market. It also analyzes the impact of a storage unit on market performance of conventional generators. A bilevel profit maximization model is proposed in which the upper-level problem is a storage operation and bidding decision problem, while the lower level problem simulates market clearing. The proposed model is applied to the 24-bus IEEE test system.
Keywords :
Batteries; Generators; Load flow; Power generation; System-on-chip; Wind farms; Bilevel Programming; Electricity Market; Energy Storage;
Conference_Titel :
European Energy Market (EEM), 2015 12th International Conference on the
DOI :
10.1109/EEM.2015.7216754
