Energy Management of Price-Maker Community Energy Storage by Stochastic Dynamic Programming

Energy Management of Price-Maker Community Energy Storage by Stochastic Dynamic Programming

In this paper, we propose an analytical stochastic dynamic programming (SDP) algorithm to address the optimal management problem of price-maker community energy storage. As a price-maker, energy storage smooths price differences, thus decreasing energy arbitrage value. However, this price-smoothing...

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Bibliographic Details
Main Authors: Lirong Deng, Xuan Zhang, Tianshu Yang, Hongbin Sun, Yang Fu, Qinglai Guo, Shmuel S. Oren
Format: Article
Language:English
Published: China electric power research institute 2024-01-01
Series:CSEE Journal of Power and Energy Systems
Subjects:
Analytical stochastic dynamic programming
energy management
energy storage
price-maker
social welfare
Online Access:https://ieeexplore.ieee.org/document/10375969/

Internet

https://ieeexplore.ieee.org/document/10375969/

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