Electric energy storage is included in peak load trading

Is energy storage a good trading strategy for power system energy transformation?

The operation life is extended by 51.1%, which verifies the superiority of the trading strategy in this paper. Under the background of power system energy transformation, energy storage as a high-quality frequency modulation resource plays an important role in the new power system [1, 2, 3, 4, 5].

How does energy storage work in the UK?

The revenue of energy storage in the UK front-of-the-meter market mainly comes from independent energy storage or energy storage jointly participating in the capacity market to obtain frequency regulation benefits, and the contribution of the energy market to energy storage cost alleviation is relatively small.

What is the external value of energy storage in China?

For China’s most widely used dual-pricing system, the external value of energy storage in the market can be regarded as reflecting and radiating value through the electricity market and capacity market, where the capacity market includes some functions of the ancillary services market.

How to marketize energy storage transactions?

As the capacity market mechanism matures, it is advisable to gradually promote the marketization of energy storage transactions. Through market competition, capacity compensation prices can be formed, and ultimately, these costs can be distributed among all users through transmission and distribution tariffs. 5. Conclusion

Why are energy storage transactions growing in Australia?

In addition, to promote the diversified development of energy storage projects, energy storage transactions in Australia’s National Electricity Market (NEM) have also begun to grow rapidly, with the main value coming from emergency frequency regulation in the Frequency Control Ancillary Service (FCAS) market .

What is post-market energy storage?

The post-market energy storage mainly refers to batteries owned by residential users or businesses, and is mainly aimed at distributed markets, similar to user-side energy storage in China. The definitions and differences of different energy storage markets are shown in Table 2. Table 2. Comparison between FTM and BTM