Risk-Constrained Bidding and Offering Strategy for a Merchant Compressed Air Energy Storage Plant

Electricity price forecasts are imperfect. Therefore, a merchant energy storage facility requires a bidding and offering strategy for purchasing and selling the electricity to manage the risk associated with price forecast errors. This paper proposes an information gap decision theory (IGDT)-based risk-constrained bidding/offering strategy for a merchant… (More)

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Citations per Year

Citation Velocity: 11

Averaging 11 citations per year over the last 2 years.

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