Impacts of Ramping Inflexibility of Conventional Generators on Strategic Operation of Energy Storage Facilities

This paper proposes an approach to assist a price-maker merchant energy storage facility in making its optimal operation decisions. The facility operates in a pool-based electricity market, where the ramping capability of other resources is limited. Also, wind power resources exist in the system. The merchant facility seeks to maximize its profit through strategic inter-temporal arbitrage decisions, when taking advantage of those ramp...