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- W3195536595 abstract "Large-scale energy storage as a new type of flexible market player performs arbitrage in the energy market and can also provide primary frequency regulation (PFR) service to make a profit. This paper proposes a bilevel optimization joint model of energy storage in energy and primary frequency regulation markets. The model is nonlinear and non-convex. The reformulation-linearization technique (RLT) is used to transform them into linear constraints. The relaxation and primary-dual reformulation of the original, and penalization of the associated duality gap are used to transform the non-convex model into a single-level mixed integer linear programming problem (MILP) which can be solved directly. Case studies show the validity of the proposed bi-level model. The results reflect the influence of energy storage on system frequency and market-clearing price." @default.
- W3195536595 created "2021-08-30" @default.
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- W3195536595 date "2021-05-28" @default.
- W3195536595 modified "2023-09-25" @default.
- W3195536595 title "The Bi-level Co-optimization Model for Energy and Primary Frequency Regulation Markets Incorporating Energy Storage" @default.
- W3195536595 doi "https://doi.org/10.1109/cieec50170.2021.9510744" @default.
- W3195536595 hasPublicationYear "2021" @default.
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