@inproceedings{162cdde0b9cf4bec843c60e2f36b55d1,
title = "Electric energy storage arbitrage in electric power markets with wind uncertainty",
abstract = "Electric energy storage (EES) can bring many benefits to power grids and to electric power markets. However, as private investors, they make profits mainly by price arbitrage. In this paper, the impacts of EES arbitrage in electric power energy markets are studied. The charging or discharging activities for large-scale EES may have huge impacts on real-time locational marginal prices (LMPs). An optimization model is proposed to maximize the arbitrager's profits with the consideration of the charging and discharging impacts on the LMPs. Three charging policies are discussed to handle the uncertainty that the intermittent wind penetration brings to the power grid. Finally, an IEEE 118-bus system case study is carried out to evaluate the model and the different charging policies.",
keywords = "Electric energy storage, Energy markets, Locational marginal prices, Price arbitrage",
author = "Chao Li and Kory Hedman and Muhong Zhang",
year = "2016",
month = mar,
day = "7",
doi = "10.1109/HICSS.2016.318",
language = "English (US)",
series = "Proceedings of the Annual Hawaii International Conference on System Sciences",
publisher = "IEEE Computer Society",
pages = "2546--2555",
editor = "Sprague, {Ralph H.} and Bui, {Tung X.}",
booktitle = "Proceedings of the 49th Annual Hawaii International Conference on System Sciences, HICSS 2016",
note = "49th Annual Hawaii International Conference on System Sciences, HICSS 2016 ; Conference date: 05-01-2016 Through 08-01-2016",
}