Bern Mobile Energy Storage Container Single-Phase Trading Conditions

What is a trading-oriented battery energy storage system (BESS) planning model?

In this paper, we present a trading-oriented battery energy storage system (BESS) planning model for a distribution market. The proposed planning model is formulated as a mutual-iteration and multi-objective two-stage optimization problem.

What is a new model for bidding and clearing energy storage resources?

Abstract—This paper introduces and rationalizes a new model for bidding and clearing energy storage resources in wholesale energy markets. Charge and discharge bids in this model depend on the storage state-of-charge (SoC). In this setting, storage participants submit different bids for each SoC segment.

Which market model is best suited for energy storage?

In terms of market design, we consider three market models: Multi: the energy storage is not constrained by the market bidding model and can freely make charge and discharge decisions to arbitrage price differences. This case represents the best possible arbitrage results and adopts the optimization multi-period dispatch model (1).

Can energy storage change bids based on price/opportunity?

The energy storage cannot change bids according to price/opportunity cost variation within hours and submits averaged bids to the system operator instead. The single-period model with 1-segment bids (RTD-1) loses 9.6% more profit than RTD-5.