About Research on factors affecting energy storage spot market
Research on the participation of independent energy storage in spot market and clearing model Published in: 2024 4th International Conference on New Energy and Power Engineering (ICNEPE).
Research on the participation of independent energy storage in spot market and clearing model Published in: 2024 4th International Conference on New Energy and Power Engineering (ICNEPE).
This paper summarizes the key issues that need to be addressed for energy storage to participate in the spot market from two aspects: the power bidding model does not meet the requirements of the physical and cost-operational characteristics of energy storage, and the real-time market under this.
Under the influence of recent power system reforms, the spot market (SM) (Song et al., 2019; Li et al., 2023; Jiang et al., 2022) can fully restore the commodity attributes of electricity, effectively facilitate price discovery (Figuerola-Ferretti and Gonzalo, 2010; Kou et al., 2021), and optimize.
, and advocating for energy efficiency and equity. It acts as a conduit for the incorporation of intermittent renewable energy sources by storing surplus energy and supplying it during periods of high demand or low renewable output, consequently reducing the curtailment of renewable energy and.
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