Optimal Offering of Energy Storage in UK Day-Ahead Energy and Frequency Response Markets

Optimal Offering of Energy Storage in UK Day-Ahead Energy and Frequency Response Markets

The offering strategy of energy storage in energy and frequency response (FR) markets needs to account for country-specific market regulations around FR products as well as FR utilization factors, which are highly uncertain. To this end, a novel optimal offering model is proposed for stand-alone pri...

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Bibliographic Details
Main Authors: Makedon Karasavvidis, Andreas Stratis, Dimitrios Papadaskalopoulos, Goran Strbac
Format: Article
Language:English
Published: IEEE 2024-01-01
Series:Journal of Modern Power Systems and Clean Energy
Subjects:
Energy markets
energy storage
frequency response
optimal offering
robust optimization
stochastic programming
Online Access:https://ieeexplore.ieee.org/document/10478754/

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