A Decision Model for an Electricity Retailer With Energy Storage and Virtual Bidding Under Daily and Hourly CVaR Assessment

A Decision Model for an Electricity Retailer With Energy Storage and Virtual Bidding Under Daily and Hourly CVaR Assessment

This paper presents a short-term decision-making model for an electricity retailer with battery energy storage system (BESS) and virtual bidding through a two-stage stochastic optimization framework. In the first stage, the retailer determines the amount of power to be purchased in the day-ahead who...

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Bibliographic Details
Main Authors: Josue Campos Do Prado, Ugonna Chikezie
Format: Article
Language:English
Published: IEEE 2021-01-01
Series:IEEE Access
Subjects:
Conditional value-at-risk (CVaR)
electricity retailer
energy storage
stochastic optimization
virtual bidding
Online Access:https://ieeexplore.ieee.org/document/9500199/

Internet

https://ieeexplore.ieee.org/document/9500199/

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