Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations

Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations

Flexible block orders designed by European electricity market is a relatively perfect time-sharing electricity price and clearing mechanism. It allows members to provide bidding form of diversification and individuation according to their own characteristics. This mechanism has features of flexibili...

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Bibliographic Details
Main Authors: Wang Liangyuan, Lin Shuyuan, Xuan Zongheng, Ye Wensheng, Lin Shuofan, Yang Shuohui
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/28/e3sconf_pgsge2021_03003.pdf
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spelling doaj-d9df156e9c9c4da3924c788c8ad6b1c02021-05-04T12:18:57ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012520300310.1051/e3sconf/202125203003e3sconf_pgsge2021_03003Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage StationsWang Liangyuan0Lin Shuyuan1Xuan Zongheng2Ye Wensheng3Lin Shuofan4Yang Shuohui5State Grid Corporation of China, Fujian Electric Power Trading Company LimitedState Grid Corporation of China, Fujian Electric Power Trading Company LimitedSouth China University of Technology, School of Electric PowerSouth China University of Technology, School of Electric PowerState Grid Corporation of China, Fujian Electric Power Trading Company LimitedState Grid Corporation of China, Fujian Electric Power Trading Company LimitedFlexible block orders designed by European electricity market is a relatively perfect time-sharing electricity price and clearing mechanism. It allows members to provide bidding form of diversification and individuation according to their own characteristics. This mechanism has features of flexibility, compatibility and expansibility, and can reasonably express the trading demands of various types of market participants, which including energy storage. Therefore, it can be used to solve the problem of market participation model of energy storage. Considering the actual situation in China, block orders are suitable for the daily, weekly and monthly markets to help battery energy storage stations. So that they can obtain low-price electric energy by participating in the medium and long-term electricity market and promote the development of them.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/28/e3sconf_pgsge2021_03003.pdf
collection DOAJ
language English
format Article
sources DOAJ
author Wang Liangyuan
Lin Shuyuan
Xuan Zongheng
Ye Wensheng
Lin Shuofan
Yang Shuohui
spellingShingle Wang Liangyuan
Lin Shuyuan
Xuan Zongheng
Ye Wensheng
Lin Shuofan
Yang Shuohui
Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations
E3S Web of Conferences
author_facet Wang Liangyuan
Lin Shuyuan
Xuan Zongheng
Ye Wensheng
Lin Shuofan
Yang Shuohui
author_sort Wang Liangyuan
title Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations
title_short Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations
title_full Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations
title_fullStr Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations
title_full_unstemmed Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations
title_sort analysis of block orders and its implications for market participation mode of battery energy storage stations
publisher EDP Sciences
series E3S Web of Conferences
issn 2267-1242
publishDate 2021-01-01
description Flexible block orders designed by European electricity market is a relatively perfect time-sharing electricity price and clearing mechanism. It allows members to provide bidding form of diversification and individuation according to their own characteristics. This mechanism has features of flexibility, compatibility and expansibility, and can reasonably express the trading demands of various types of market participants, which including energy storage. Therefore, it can be used to solve the problem of market participation model of energy storage. Considering the actual situation in China, block orders are suitable for the daily, weekly and monthly markets to help battery energy storage stations. So that they can obtain low-price electric energy by participating in the medium and long-term electricity market and promote the development of them.
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/28/e3sconf_pgsge2021_03003.pdf
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