no code implementations • 14 Dec 2022 • Dongwei Zhao, Sarah Coyle, Apurba Sakti, Audun Botterud
To reduce the impact of excessive scarcity prices, we present a new market mechanism, which consists of a Penalty payment for lost load, a supply Incentive, and an energy price Uplift (PIU).
no code implementations • 7 Jan 2022 • Dongwei Zhao, Mehdi Jafari, Audun Botterud, Apurba Sakti
Each investor decides the storage investment over a long investment horizon, and operates the storage for arbitrage revenues in the daily electricity market.
no code implementations • 7 Jul 2021 • Mehdi Jafari, Apurba Sakti, Audun Botterud
This paper presents a novel algorithm to optimize energy capacity restoration of vanadium redox flow batteries (VRFBs).
