Joint Clearing Strategy for New Energy Storage and Multi-Source Integration in Electricity Spot Markets

The participation of new energy storage in electricity spot markets is crucial for enhancing system flexibility, promoting renewable energy integration, and ensuring grid stability. However, challenges such as unclear profit models, uncertain revenue cycles, and imperfect market mechanisms persist. To address these issues, this paper proposes a joint clearing model for energy storage and multi-source integration, optimizing the coordinated dispatch of storage systems with diverse energy resources (e.g., wind, solar, and thermal power). Compared to standalone energy storage clearing strategies, the multi-source joint clearing strategy significantly improves storage utilization and market revenue.

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Publication Details

Published
2025-08-08
DOI
https://doi.org/10.1109/iaeac65194.2025.11165941
Primary Topic
Smart Grid Energy Management
Type
article
Field-Weighted Citation Impact
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article

Joint Clearing Strategy for New Energy Storage and Multi-Source Integration in Electricity Spot Markets

Bin Lü, Mingyu Sun, Yanbin Cai, Ren Zhishuai et al.
Smart Grid Energy Management
article

Joint Clearing Strategy for New Energy Storage and Multi-Source Integration in Electricity Spot Markets

Bin Lü, Mingyu Sun, Yanbin Cai, Ren Zhishuai, Lv Fenglei, Su Xiaoxiang
article en

Abstract

The participation of new energy storage in electricity spot markets is crucial for enhancing system flexibility, promoting renewable energy integration, and ensuring grid stability. However, challenges such as unclear profit models, uncertain revenue cycles, and imperfect market mechanisms persist. To address these issues, this paper proposes a joint clearing model for energy storage and multi-source integration, optimizing the coordinated dispatch of storage systems with diverse energy resources (e.g., wind, solar, and thermal power). Compared to standalone energy storage clearing strategies, the multi-source joint clearing strategy significantly improves storage utilization and market revenue.

Shanghai Electric (China) (CN)
Openalex Percentile: Top 74%
Smart Grid Energy Management
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