| CPC H02J 3/32 (2013.01) [H02J 13/00002 (2020.01); H02J 2203/20 (2020.01)] | 14 Claims |

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1. A method of incorporating battery storage into a day ahead energy market clearing case, the method comprising:
incorporating battery storage in a day ahead market clearing case; and
applying an enhanced state of charge (SOC) formulation to a representation of battery storage in the day ahead market clearing case, wherein the SOC formulation utilizes a tightened battery storage model as follows:
UCED_BIN_T=Min Σt=1T[−Ctppt+Ctggt]+Ck(xk,yk0)
s.t. (1) (2) (3) (5), (15)-(18), (24) (25)
where,
indexes are,
t is index of dispatch interval, and
k is index of generators,
input parameters are,
Ctp is the battery offer for charging at interval t in $/MWh,
Ctg is the battery offer for discharging at interval t in $/MWh,
Dt is net load at interval t in MW,
s0 is initial state of charge in MWh,
α, β is storage round trip efficiency,
g, p is maximum limit for discharging and charging, in MW, and
s,s is minimum and maximum state of charge limit, in MWh, decision variables for time t are,
gk,t is cleared energy on generator k,
gt is cleared discharging energy MW on battery,
pt is cleared charging energy MW on battery,
ut is binary variable on battery charging and discharging, and
st is battery state of charge in MWh,
and functions are,
Fk(⋅) is constraints specifying feasible region of generator k, and
Ck(⋅) is cost function of generator k.
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