Coordinated Price-Maker Operation of Large Energy Storage Units in Nodal Energy Markets

  title={Coordinated Price-Maker Operation of Large Energy Storage Units in Nodal Energy Markets},
  author={Hamed Mohsenian-Rad},
  journal={IEEE Transactions on Power Systems},
  • Hamed Mohsenian-Rad
  • Published 2016
  • Economics
  • IEEE Transactions on Power Systems
  • In this paper, a new optimization framework is proposed to coordinate the operation of large, price-maker, and geographically dispersed energy storage/battery systems in a nodal transmission-constrained energy market. The energy storage units are assumed to be investor-owned and independently-operated, seeking to maximize their total profit. Various design factors are taken into consideration such as the location, size, efficiency, and charge and discharge rates of the energy storage units as… CONTINUE READING
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