Stochastic reserve scheduling of energy storage system in energy and reserve markets
Zao Tang, Junyong Liu, Youbo Liu, Lixiong Xu
Topics & Concepts
Reserve requirementRenewable energyEnergy storageScheduleScheduling (production processes)Stochastic programmingComputer scienceStochastic modellingElectric power systemEnvironmental economicsBusinessMathematical optimizationPower (physics)EconomicsEngineeringElectrical engineeringOperations managementFinanceMathematicsOperating systemQuantum mechanicsMonetary policyPhysicsMonetary economicsCentral bankMicrogrid Control and OptimizationSmart Grid Energy ManagementElectric Power System Optimization