Derives locational energy storage bid bounds from a multi-period chance-constrained economic dispatch formulation that guarantee capping bids with a confidence level and demonstrate social welfare improvements in 8-bus system simulations.
A stochastic market design with revenue adequacy and cost recovery by scenario: Benefits and costs,
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Locational Energy Storage Bid Bounds for Facilitating Social Welfare Convergence
Derives locational energy storage bid bounds from a multi-period chance-constrained economic dispatch formulation that guarantee capping bids with a confidence level and demonstrate social welfare improvements in 8-bus system simulations.