Research on Energy Storage Business Model and Optimized Operation Based on the Electricity Spot Market Environment

The new energy storage station can achieve bidirectional regulation and flexible charging and discharging, and its application scenarios cover multiple links of the power system, including the source, grid, and load. The gradual participation of energy storage in the electricity spot market has become a trend, and it is urgent to explore energy storage business models and operational strategies that are compatible with the spot market mechanism. According to market rules and development progress, this article analyzes the transition mode of peak shaving auxiliary services separately, the transition mode of fixed price arbitrage, and the electricity spot market mode. On this basis, an energy storage optimization operation model suitable for various business models is constructed and simulated using typical examples. The results demonstrate that the operational strategy proposed in this article for energy storage can significantly enhance its profitability in the electricity spot market and transitional business models.

Authors

Institutions

Publication Details

Published
2025-04-25
DOI
https://doi.org/10.1109/nesp65198.2025.11040781
Primary Topic
Power Systems and Renewable Energy
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Research on Energy Storage Business Model and Optimized Operation Based on the Electricity Spot Market Environment

Shaofei Lu, Hua Zheng, Cong Duan, Ruixuan Zhang et al.
Power Systems and Renewable Energy
article

Research on Energy Storage Business Model and Optimized Operation Based on the Electricity Spot Market Environment

Shaofei Lu, Hua Zheng, Cong Duan, Ruixuan Zhang, Yuefeng Wang, Jiali Zhang, Li Xie, Zihang Wang
article en

Abstract

The new energy storage station can achieve bidirectional regulation and flexible charging and discharging, and its application scenarios cover multiple links of the power system, including the source, grid, and load. The gradual participation of energy storage in the electricity spot market has become a trend, and it is urgent to explore energy storage business models and operational strategies that are compatible with the spot market mechanism. According to market rules and development progress, this article analyzes the transition mode of peak shaving auxiliary services separately, the transition mode of fixed price arbitrage, and the electricity spot market mode. On this basis, an energy storage optimization operation model suitable for various business models is constructed and simulated using typical examples. The results demonstrate that the operational strategy proposed in this article for energy storage can significantly enhance its profitability in the electricity spot market and transitional business models.

North China Electric Power University (CN), Beijing Solar Energy Research Institute (CN)
Affordable and clean energy
Openalex Percentile: Top 86%
Power Systems and Renewable Energy
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Research on Energy Storage Business Model and Optimized Operation Based on the Electricity Spot Market Environment — Shaofei Lu, Hua Zheng, et al. · (2025) | TGRS Research Map | TGRS