According to the transaction framework, a two-layer transaction decision model of energy storage participating in electric energy market and frequency modulation market is constructed. The upper model is the energy storage power station transaction decision model, which is used to generate the optimal bidding strategy of each power station.
In the spot market environment, in the process of energy storage as an independent subject participating in market transactions, the bidding strategy of energy storage power station will become the key to whether it can bid successfully and obtain benefits [13, 14, 15].
The result of the example showed that the return rate of the energy storage power station under the trading strategy in this paper was increased by 8.14% compared with that of the conventional strategy. The operation life is extended by 51.1%, which verifies the superiority of the trading strategy in this paper.
In the 1–4 and 14–15 periods, the energy storage power station can be strategic charged to supplement the electricity consumed by its own discharge so that it can fully participate in the frequency modulation market and obtain the frequency modulation income.
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This paper propose a Nash Stackelberg game based trading decision model of joint power market contain frequency/regulation/reserve for day ahead transaction to deal with …
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In the transition from a planned economy to a market economy of power sector reform in China, generation rights trading (GRT) as a mainly method to solve the problem of …
The goal of "carbon peak, carbon neutral" and the increasing expansion of new energy have helped to advance the development of energy storage. However, since the …
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The power and price that correspond to this point are the traded electricity volume (TEV) and transaction price (He and Zhang, …
This paper analyzes the economic withholding behavior of energy storage that exercises market power in real-time electricity markets. The arbitrage …
Pumped storage power stations in Central China are typical for their large capacity, large number of approved pumped storage power stations and rapid approval. This …
Transaction prices for power generation assets are tabulated in this data-file, capturing 65 deals for gas plants, wind, solar, hydro and nuclear, globally and over time. Median prices are …
Aiming at the problems of high construction cost and low utilization rate of energy storage in Renewable Energy Power Plants (REPP); unclear pricing m…
However, there are few studies on the trading strategy of independent energy storage power stations participating in both electric energy and frequency regulation markets …
The concept of shared energy storage in power generation side has received significant interest due to its potential to enhance the flexibility of multiple renewable energy …
The aggregator model aggregates decentralized energy storage systems for unified scheduling, and participates in power spot market transactions in the form of independent …
The power and price that correspond to this point are the traded electricity volume (TEV) and transaction price (He and Zhang, 2021; Wang et al., 2022). Furthermore, social …
Finally, a blockchain-based energy storage market-oriented transaction model and mechanism is proposed to improve the flexibility of the power system and promote clean …
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A trading strategy for energy storage power stations to participate in the market of the joint electric energy and frequency modulation ancillary services based on a two-layer …
This article establishes a full life cycle cost and benefit model for independent energy storage power stations based on relevant policies, current status of the power system, …
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