Photovoltaic energy storage station project bidding

Can pumped storage power stations be used in combined bidding?

Pumped storage power stations are controllable with the characteristic of energy storage. It can be employed in combined bidding with REPPs, improving the flexibility of market bidding. In , it was pointed out that the combined bidding of wind power and pumped storage had good applicability in insular power systems.

Can virtual power plants participate in electricity market bidding?

If the capacity of the storage station is large enough to stabilize the fluctuation of the output of the wind and photovoltaic power, virtual power plants can participate in the electricity market bidding.

What is the optimal bidding strategy for a renewable-based virtual power plant?

Optimal bidding strategy of a renewable-based virtual power plant including wind and solar units and dispatchable loads [J] A risk–based gaming framework for VPP bidding strategy in a joint energy and regulation market [J] Iranian Journal of Science and Technology, Transactions of Electrical Engineering, 43 ( 2019), pp. 545 - 558 H. Wang, L.

Can hydrogen energy storage be used in a combined bidding strategy?

With the development of power-to-gas (P2G) technology, hydrogen energy storage, another form of energy storage, can also be applied in a combined bidding strategy . Market frameworks are also studied in some papers. Chen et al. (2022) proposed a semi-centralized market mechanism for energy storage in the day-ahead market.

Can energy storage reduce the uncertainty of distributed wind and photovoltaic power generation?

The uncertainty of distributed wind and photovoltaic power generation is mitigated using energy storage in the microgrid, and market benefits are obtained through strategic bidding . In , a two-stage bidding strategy was presented for the microgrid containing wind power and pumped storage.

How data based bidding strategies can be used in electricity markets?

With the development of data methods, the historical data of power systems and electricity markets can play significant roles in market bidding modeling, market analysis, and decision-making. The data-driven bidding strategies will be a feasible research direction.