Optimal Bidding, Scheduling, and Deployment of Battery Systems in California Day-Ahead Energy Market

  title={Optimal Bidding, Scheduling, and Deployment of Battery Systems in California Day-Ahead Energy Market},
  author={Hamed Mohsenian-Rad},
  journal={IEEE Transactions on Power Systems},
  • Hamed Mohsenian-Rad
  • Published 2016
  • Economics
  • IEEE Transactions on Power Systems
  • An optimal supply and demand bidding, scheduling, and deployment design framework is proposed for battery systems. It takes into account various design factors such as the day-ahead and real-time market prices and their statistical dependency, as well as the location, size, efficiency, lifetime, and charge and discharge rates of the batteries. Utilizing second-life/used batteries is also considered. Without loss of generality, our focus is on the California Independent System Operator (ISO… CONTINUE READING
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