markets

The value of storage in electricity distribution: The role of markets

  • Dirk Lauinger
  • Deepjyoti Deka
  • Sungho Shin
    • Categories Energy Tags , , , ,

    Electricity distribution companies deploy battery storage to defer grid upgrades by reducing peak demand. In deregulated jurisdictions, such storage often sits idle because regulatory constraints bar participation in electricity markets. Here, we develop an optimization framework that, to our knowledge, provides the first formal model of market participation constraints within storage investment and operation planning. … Read more

    A Game-Theoretical Dynamic Model for Electricity Markets

  • Aswin Kannan
  • Victor M. Zavala
    • Categories Applications - OR and Management Sciences, Dynamic Programming, Game Theory Tags , , , , , , ,

    We present a game-theoretical dynamic model for competitive electricity markets.We demonstrate that the model can be used to systematically analyze the effects of ramp constraints, initial conditions, dynamic disturbances, forecast horizon, bidding frequency, and some other factors on the price signals.We illustrate the capabilities of the model using a numerical case study ArticleDownload View PDF