Optimal Control Strategies for Seasonal Thermal Energy Storage Systems with Market Interaction

Seasonal thermal energy storage systems (STESSs) can shift the delivery of renewable energy sources and mitigate their uncertainty problems. However, to maximize the operational profit of STESSs and ensure their long-term profitability, control strategies that allow them to trade on wholesale electricity markets are required. While control...

A market framework for grid balancing support through imbalances trading

To correct grid imbalances and avoid grid failures, the transmission system operator (TSO) deploys balancing reserves and settles these imbalances by penalizing the market actors that caused them. In several countries, it is forbidden to influence the grid imbalances in order to let the TSO retain full control of grid regulation. In this...