Energy storage spot trading income

Can power spot market regulation guarantee economic profits of distributed energy storages?

Finally, case studies under multiple scenarios of power spot market verify that the regulation mode and strategy can effectively guarantee the economic profits of distributed energy storages by setting aggregation groups and reasonable risk preference coefficients.

Can distributed energy storages participate in energy trading through aggregation?

However, individually accessing every distributed energy storage to the dispatch centre results in a high cost and low efficiency, which needs to be improved by connecting through the aggregator. To this end, this paper proposes a regulation mode and strategy for distributed energy storages participating in energy trading through aggregation.

Does the reform of power spot market provide a new profit mode?

Research and Development Program Project in Key Areas of Guangdong Province, Grant/Award Number: 2021B0101230003. Abstract The reform of power spot market in China provides a new profit mode, determining energy trading strategy based on the power spot prices for distributed energy storages.

How can energy storage be profitable?

Where a profitable application of energy storage requires saving of costs or deferral of investments, direct mechanisms, such as subsidies and rebates, will be effective. For applications dependent on price arbitrage, the existence and access to variable market prices are essential.

Does Power Spot price influence energy regulation?

The regulation results of aggregation (including power response, risks, and profits) show that the power spot price has become the dominant factor for the DESs aggregation group to make energy regulation. By using CVaR to quantify market risks, the economic profits obtained by the DES aggregation group can be ensured for real-time arbitrage.

Why should you invest in energy storage?

Investment in energy storage can enable them to meet the contracted amount of electricity more accurately and avoid penalties charged for deviations. Revenue streams are decisive to distinguish business models when one application applies to the same market role multiple times.