Technical FAQs 4

What is a two-layer bid quantity model?

2) A two-layer bid quantity model for DESS joint users to participate in the SM has been proposed, where the optimal trading strategy has been devised to maximize the daily revenue of the DESSs in the upper layer, while the clearing model guides the bid quantity strategy of the upper-layer DESSs through market price signals.

Is there an operational price-taker bidding strategy?

Therefore, an operational price-taker bidding strategy of the DESSs, combined with users that participate in the SM, has been proposed in the present study.

Do distributed energy storage systems play a dual role of generation and consumption?

As an emerging flexible resource in the power market, distributed energy storage systems (DESSs) play the dual roles of generation and consumption (Kalantar-Neyestanaki and Cherkaoui, 2021; Li et al., 2021), thereby complicating the market dynamics for energy storage users.

Do large-scale energy storage systems operate independently in the SM?

Currently, large-scale energy storage systems mainly operate independently in the SM, both on the generation (Gao et al., 2021; Gu and Sioshansi, 2022) and grid sides (Jiang et al., 2020; Abdelghany et al., 2024).

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