Operation of Independent Large-Scale Battery-Storage Systems in Energy and Reserve Markets*
Hossein Akhavan-Hejazi; Hamed Mohsenian-Rad Electrical Engineering Department at the University of California, Riverside, CA, USA.* This work was supported by NSF Grant ECCS 1253516.
Abstract
In this chapter, we consider a scenario where a group of investor-owned independently-operated storage units seek to offer energy and reserve in the day-ahead market and energy in the hour-ahead market. We are particularly interested in the case where a significant portion of the power generated in the grid is from wind and other intermittent renewable energy resources. In this regard, we formulate a stochastic programming framework to choose optimal ...
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