Energy storage ems bidding

How does transmission congestion affect the Bess bidding strategy?

The introduction of transmission congestion brings significant changes in market dynamics. Since the BESS does not have sufficient power output capacity to fully maintain demand block 1 online during congestion, curtailment occurs, and our methodology adjusts the BESS bidding strategy accordingly.

How much does energy storage cost in China?

In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids were opened on December 4. The tender attracted 76 bidders, with quoted prices ranging from $60.5/kWh to $82/kWh, averaging $66.3/kWh.

What happens if a supplier is shortlisted for energy storage system equipment?

In the future, as specific projects are implemented and procurement needs clarified, the shortlisted suppliers will be directly invited to engage in secondary competition, either through negotiated procurement or competitive bidding, to determine the final supplier for the required energy storage system equipment.

What is the largest energy storage procurement in China's history?

The tender marks the largest energy storage procurement in China’s history. In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids were opened on December 4.

What is a joint energy-reserve procurement strategy?

Market operators use either sequential or joint energy-reserve procurement strategies. Joint markets clear energy and reserves simultaneously, accounting for interdependencies, using UC optimization at the unit level . Examples include U.S. markets such as PJM, CAISO, ERCOT, MISO, and NYISO , .

How does a Bess approach affect the electricity wholesale market?

Consequently, this approach restricts the strategic options available to BESSs owners, diminishing their ability to optimize profit and increasing the challenge of seamlessly integrating them into broader electricity wholesale markets.