Csercsik, Dávid and Divényi, Dániel and Sleisz, Ádám and Grabner, Péter and Sőrés, Péter (2024) A novel order type for storage units in day-ahead electricity auctions. In: 2024 20th International Conference on the European Energy Market (EEM), 10-12 June 2024, Istanbul, Turkiye.
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Abstract
The active market participation of storage units may catalize the integration process of renewable sources. However, the involvement of battery or other storage units in portfolio-bidding day-ahead markets is not straightforward. If one considers a charge-discharge process in multiple periods, buy and sell bids must be simultaneously submitted, and the possible rejection of buy bids in the case of non-price-taker bids may imply the non-deliverability of sell bids. On the other hand, using price-taker bids may not ensure the profitability of the participating storage unit. In this paper we propose a new potential order type for day-ahead markets, which on the one hand ensures that the physical constraints of the storage unit are respected in the bid-acceptance process, and on the other hand has the potential to ensure profitability for the storage-type market participant. We analyze how such orders affect market dynamics via simple market simulations.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Day-ahead electricity markets, dedicated order types, storage units |
| Subjects: | T Technology / alkalmazott, műszaki tudományok > TK Electrical engineering. Electronics Nuclear engineering / elektrotechnika, elektronika, atomtechnika |
| Depositing User: | Dávid Csercsik |
| Date Deposited: | 18 Oct 2024 09:46 |
| Last Modified: | 18 Oct 2024 09:46 |
| URI: | https://real.mtak.hu/id/eprint/207637 |
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