A Price-Maker/Price-Taker Model for the Operation of Battery Storage Systems in Electricity Markets
Bibliographic record
Abstract
The goal of this paper is to develop models for estimating the potential profit of a battery storage system that provides multiple services in a competitive electricity market. We assume the size of the battery is small relative to the energy market volume and its actions do not impact the energy market outcomes; thus, it is a price-taker in the energy market. However, considering the relatively smaller market volume for ancillary services, we consider the battery’s strategies to impact the outcomes of the markets for frequency regulation service, spinning reserve, and non-spinning reserve. An optimization model is proposed considering the uncertainties in energy prices, the offers of ancillary services by competitors, and the energy deployment in ancillary services markets. We employ robust and stochastic optimization approaches to account for the different nature of each uncertain variable. The scheduling is done in day-ahead and is later refined closer to real time. Numerical results are provided based on real-life data.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.003 | 0.006 |
| Meta-epidemiology (narrow) | 0.002 | 0.002 |
| Meta-epidemiology (broad) | 0.003 | 0.002 |
| Bibliometrics | 0.001 | 0.002 |
| Science and technology studies | 0.001 | 0.002 |
| Scholarly communication | 0.005 | 0.004 |
| Open science | 0.004 | 0.002 |
| Research integrity | 0.005 | 0.005 |
| Insufficient payload (model declined to judge) | 0.011 | 0.001 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".