Integrated Intelligent Energy ›› 2025, Vol. 47 ›› Issue (8): 30-39.doi: 10.3969/j.issn.2097-0706.2025.08.004

• Coordination of Energy Storage Technologies • Previous Articles     Next Articles

Bidding strategies and value allocation mechanism for multi-type electric energy trading with participation of shared energy storage

CHU Longhao(), LI Xiaozhu*()   

  1. Engineering Research Center of Education Ministry for Renewable Energy Power Generation and Grid Connection, Xinjiang University, Urumqi 830047, China
  • Received:2024-09-03 Revised:2024-11-12 Published:2025-12-31
  • Contact: LI Xiaozhu E-mail:1812201053@qq.com;272268272@qq.com
  • Supported by:
    National Natural Science Foundation Project(52467014)

Abstract:

To address the challenges brought by insufficient flexible regulation resources in the new power systems, the market-oriented reform is promoted and diversified market entities are cultivated in China's electricity sector, to address the value allocation issues related to shared energy storage in meeting multiple regulation demands, a new operational model for the participation of shared energy storage in multi-type power source markets is proposed, along with a flexibility resource value allocation mechanism based on the Vickrey Clarke Groves(VCG) mechanism. The operational model included three layers: the market layer, the bidding layer, and the dispatch layer, with decisions at each layer influencing one another. The electricity trading mechanism consisted of winning bidding decisions and financial settlement. The winning bidding decisions were based on the utility functions of multi-type power source operators to maximize social welfare. The VCG mechanism was applied to accurately identify and allocate the value of contributions made by different market participants in the electricity market. The feasibility and effectiveness of the proposed value allocation mechanism were verified using empirical data from the northwest new energy convergence region in China.

Key words: new power system, shared energy storage, renewable energy, electricity bidding strategy, value distribution, VCG mechanism, multi-type market entity

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