storage

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

    Sequential Pricing of Electricity

  • Jacob Mays
    • Categories Applications - OR and Management Sciences, Energy, Finance and Economics Tags , , ,

    This paper investigates the design and analysis of price formation in wholesale electricity markets given variability, uncertainty, non-convexity, and intertemporal operating constraints. The paper’s primary goal is to develop a framework to assess the many resource participation models, reserve product definitions, and enhanced pricing methods that have arisen in U.S. systems, especially in the context … Read more

    Battery Storage Formulation and Impact on Day Ahead Security Constrained Unit Commitment

  • Ross Baldick
  • Yonghong Chen
    • Categories Applications - OR and Management Sciences Tags , ,

    This paper discusses battery storage formulations and analyzes the impact of the constraints on the computational performance of security constrained unit commitment (SCUC). Binary variables are in general required due to mutual exclusiveness of charging and discharging modes. We use valid inequalities to improve the SOC constraints. Adding batteries to the MISO day ahead market … Read more

    Adaptable Energy Management System for Smart Buildings

  • Miguel F. Anjos
  • Juan A. Gomez-Herrera
  • Kenneth McKinnon
  • Ilaria Salerno
    • Categories Applications - OR and Management Sciences, Civil and Environmental Engineering, Optimization of Simulated Systems Tags , , , ,

    This paper presents a novel adaptable energy management system for smart buildings. In this framework we model the energy consumption of a living unit, and its energy exchange with the surroundings. We explicitly consider the impact of the outside environment and design features such as building orientation, automatic shading, and double facade. We formulate this … Read more

    On Electricity Market Equilibria with Storage: Modeling, Uniqueness, and a Distributed ADMM

  • Julia Grübel
  • Thomas Kleinert
  • Vanessa Krebs
  • Lars Schewe
  • Martin Schmidt
  • Johannes Thürauf
  • Galina Orlinskaya
    • Categories Convex Optimization, Parallel Algorithms, Quadratic Programming Tags , , , , , ,

    We consider spot-market trading of electricity including storage operators as additional agents besides producers and consumers. Storages allow for shifting produced electricity from one time period to a later one. Due to this, multiple market equilibria may occur even if classical uniqueness assumptions for the case without storages are satisfied. For models containing storage operators, … Read more