Benefits of Stochastic Optimization for Scheduling Energy Storage in Wholesale Electricity Markets
We propose a two-stage stochastic model for optimizing the operation of energy storage. The model captures two important features: uncertain real-time prices when day-ahead operational commitments are made; and the price impact of charging and discharging energy storage. We demonstrate that if energ...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEEE
2021-01-01
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| Series: | Journal of Modern Power Systems and Clean Energy |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/9096503/ |