TY - GEN
T1 - Congestion Management in the Electricity Spot Market Considering the Cycle Life Cost of Energy Storage
AU - Li, Shan
AU - Ding, Huifang
AU - Wei, Jingyu
AU - Li, Pengfei
AU - Lu, Bin
AU - Lv, Fenglei
AU - Li, Zhen
AU - Jiang, Wei
N1 - Publisher Copyright:
© Beijing Paike Culture Commu. Co., Ltd. 2026.
PY - 2026
Y1 - 2026
N2 - Under the guidance of the dual carbon target and the background of power system reform, the requirements for economic, stable and safe operation of power grids are more demanding and complex. This paper constructs a decision model for energy storage power plants to participate in the spot market considering the cycle life cost, and construct the transmission grid blockage assessment indexes from the component and system levels. Combining with the results of the indexes, we construct a blockage management model from the perspectives of multi-interested subjects such as the generation side, the user side and the energy storage power plants. The Nash negotiation theory is applied to decompose the scenario into two sub-problems, namely, maximizing the interests of transaction subjects and optimizing power transaction payments. The generation and feed-in tariff solutions are iteratively updated by alternating direction multiplication method (ADMM). Simulations are conducted with the IEEE 14-node system as an example to verify that the proposed method can effectively alleviate line blockages and improve the economy and security of power system operation.
AB - Under the guidance of the dual carbon target and the background of power system reform, the requirements for economic, stable and safe operation of power grids are more demanding and complex. This paper constructs a decision model for energy storage power plants to participate in the spot market considering the cycle life cost, and construct the transmission grid blockage assessment indexes from the component and system levels. Combining with the results of the indexes, we construct a blockage management model from the perspectives of multi-interested subjects such as the generation side, the user side and the energy storage power plants. The Nash negotiation theory is applied to decompose the scenario into two sub-problems, namely, maximizing the interests of transaction subjects and optimizing power transaction payments. The generation and feed-in tariff solutions are iteratively updated by alternating direction multiplication method (ADMM). Simulations are conducted with the IEEE 14-node system as an example to verify that the proposed method can effectively alleviate line blockages and improve the economy and security of power system operation.
KW - ADMM
KW - Blockage Management
KW - Cycle Life Cost
KW - Multi-interested Subjects
KW - Nash Negotiation Theory
KW - Spot Market
UR - https://www.scopus.com/pages/publications/105028364317
U2 - 10.1007/978-981-95-4278-9_39
DO - 10.1007/978-981-95-4278-9_39
M3 - Conference contribution
AN - SCOPUS:105028364317
SN - 9789819542772
T3 - Lecture Notes in Electrical Engineering
SP - 372
EP - 379
BT - The Proceedings of the 12th Frontier Academic Forum of Electrical Engineering (FAFEE2025) - Volume III
A2 - Yang, Qingxin
PB - Springer Science and Business Media Deutschland GmbH
T2 - 12th Frontier Academic Forum of Electrical Engineering, FAFEE 2025
Y2 - 23 May 2025 through 25 May 2025
ER -