The Energy Storage Operation Model is a decision-making tool based on a bilevel complementarity model for a merchant price-maker energy storage system to determine the most beneficial trading actions in poolbased markets, including day-ahead (as joint energy and reserve markets) and balancing settlements.
Energy Storage Operation Model
Nasrolahpour, E., Kazempour, J., Zareipour, H., & Rosehart, W. D. (2017). A bilevel model for participation of a storage system in energy and reserve markets. IEEE Transactions on Sustainable Energy, 9(2), 582-598. https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=8036231
grid operators, grid infrastructure investment, profit maximization
market information (price, supply, demand, transactions)
bidding strategy in different market segments