Energy storage market participation: market design challenges and regulatory barriers
Y. Lin, A. Srivastava, S. M. Hur Rizvi, A. Park
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PES
IEEE Members: $25.00
Non-members: $40.00Pages/Slides: 59
Energy storage is critical for enabling low-carbon power systems. Further deployment of this technology, however, depends on the revenue opportunities in electricity and ancillary service markets and the rules that govern them. In this panel, a set of leading experts will discuss how energy storage systems could secure and stack revenues from near real-time markets to day-ahead markets to years-ahead capacity remuneration mechanisms. The focus of the panel is on market, modeling and regulatory barriers for energy storage participation in markets, and how state-of-the-art mathematical tools may help to overcome these barriers.
Presentations in this panel session:
- Strategy matters: How to use the electricity systemís most flexible asset in ERCOT (23PESGM3861)
Chairs:
Kenneth Bruninx, Yury Dvorkin
Primary Committee:
Power System Operation, Planning, and Economics (PSOPE)
Sponsor Committees:
Power System Economics Subcommittee