Impact of local transmission congestion on energy storage arbitrage opportunities

Yishen Wang, Yury Dvorkin, Ricardo Fernandez-Blanco, Bolun Xu, Daniel S. Kirschen

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Reduced installation and operating costs give energy storage systems an opportunity to participate actively and profitably in electricity markets. In addition to providing ancillary services, energy storage systems can also arbitrage temporal price differences. Congestion in the transmission network often accentuates these price differences and will under certain circumstances enhance the profitability of arbitrage. On the other hand, congestion may also limit the ability of a given storage device to take advantage of arbitrage opportunities.

Original languageEnglish (US)
Title of host publication2017 IEEE Power and Energy Society General Meeting, PESGM 2017
PublisherIEEE Computer Society
Pages1-5
Number of pages5
ISBN (Electronic)9781538622124
DOIs
StatePublished - Jan 29 2018
Event2017 IEEE Power and Energy Society General Meeting, PESGM 2017 - Chicago, United States
Duration: Jul 16 2017Jul 20 2017

Publication series

NameIEEE Power and Energy Society General Meeting
Volume2018-January
ISSN (Print)1944-9925
ISSN (Electronic)1944-9933

Other

Other2017 IEEE Power and Energy Society General Meeting, PESGM 2017
CountryUnited States
CityChicago
Period7/16/177/20/17

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Keywords

  • Bilevel Programming
  • Energy Storage
  • MPEC
  • Network-Constrained Market Clearing
  • Transmission Congestion

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Nuclear Energy and Engineering
  • Renewable Energy, Sustainability and the Environment
  • Electrical and Electronic Engineering

Cite this

Wang, Y., Dvorkin, Y., Fernandez-Blanco, R., Xu, B., & Kirschen, D. S. (2018). Impact of local transmission congestion on energy storage arbitrage opportunities. In 2017 IEEE Power and Energy Society General Meeting, PESGM 2017 (pp. 1-5). (IEEE Power and Energy Society General Meeting; Vol. 2018-January). IEEE Computer Society. https://doi.org/10.1109/PESGM.2017.8274471