Energy storage bidding information acquisition

Can battery energy storage be a joint bidding strategy?

To ensure the flexible operations of the power system, it is necessary to explore the potential flexibility regulation capacity and further promote the accommodation of the renewable energy. Under this context, a joint bidding strategy for battery energy storage in the regulation and energy electricity market is proposed in this paper.

What is the proposed bidding strategy?

The proposed bidding strategy considers both energy market and regulation market, which shows flexibility to the uncertain bidding environments. The proposed algorithm is an individual profit maximisation bidding strategy, which can help the BESS owner optimise its bidding strategy to obtain highest bidding revenue without rivals information.

What are the challenges of procurement for utility-side storage & solar-plus projects?

The challenges of procurement for utility-side storage and solar-plus projects center largely on early-stage decisions: defining the top-priority use case, but also exploring ways to get more value out of the project and to prepare for market changes over its life.

What is the proposed bidding strategy of Bess owners?

The proposed bidding strategy of BESS owners considers both energy market and regulation market, which shows flexibility to the uncertain bidding environments, such as prior knowledge of other rivals and dynamics of the system operator.

What is the proposed model of Bess bidding in pool based electricity market?

The proposed model of BESS bidding in the pool based electricity market is described in detail. The decision variables are the capacity bids in energy market b e, t, the capacity bids in AGC market b c, t u p and b c, t d o w n and the price bids in AGC market b p, t of the BESS for each hour in the next day. 4.1. Objective function

What are the implications of a combined renewables-plus-storage project?

There will be important implications for a combined renewables-plus-storage project depending upon whether the project is DC coupled or AC coupled. For example, AC coupled systems are generally viewed as being simpler since the renewable energy storage can be connected separately with AC power.