Local energy storage bidding

What is the optimal bidding strategy for energy storage operators?

The optimal bidding strategy for energy storage operators depends on the strategy of other community members. In [ 9, 10, 11 ], the game theory is used to specify the optimal energy trading between shared energy storage and local integrated energy systems.

Can shared energy storage improve the performance of virtual power plants?

Simulation results show that the flexibility of shared energy storage could improve the performance of virtual power plants in joint markets. The optimal bidding strategy for energy storage operators depends on the strategy of other community members.

Can community members use a shared energy storage system?

To use the shared energy storage system, community members can lease the capacity of the CSES. In other words, the maximum purchased power from or sold power to the shared storage is limited by the leased capacity. The leased capacity represents the share of the CSES' capacity that each consumer can use.

What is community shared energy storage (CSES)?

Community shared energy storage (CSES) is a solution to alleviate the uncertainty of renewable resources by aggregating excess energy during appropriate periods and discharging it when renewable generation is low. CSES involves multiple consumers or producers sharing an energy storage system.

Are shared energy storage systems effective?

In fact, shared energy storage systems can be an effective way to increase the efficiency and reliability of the energy system, regardless of whether consumers have their own PV systems or not. Comparing Figs. 4 and 5 demonstrates that CSES decreases the injecting power of consumers into the local grid.

Is the price of absorbing energy equal to the grid buying price?

The simulation results demonstrate that the price of absorbing energy from the CSES is equal to or less than the grid buying price. Moreover, the price of injecting power into the community is equal to or higher than the price of injecting power into the local grid.