{"id":"https://openalex.org/W2507962373","doi":"https://doi.org/10.1109/tsg.2015.2424314","title":"Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life","display_name":"Optimal Bidding Strategy of Battery Storage in Power Markets Considering Performance-Based Regulation and Battery Cycle Life","publication_year":2015,"publication_date":"2015-05-13","ids":{"openalex":"https://openalex.org/W2507962373","doi":"https://doi.org/10.1109/tsg.2015.2424314","mag":"2507962373"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2015.2424314","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2015.2424314","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://orbit.dtu.dk/en/publications/54d720a1-c3e3-41a4-80a7-ab53ef80edbf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078098542","display_name":"Guannan He","orcid":"https://orcid.org/0000-0002-5055-076X"},"institutions":[{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Guannan He","raw_affiliation_strings":["State Key Laboratory of Power Systems, Tsinghua University, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"State Key Laboratory of Power Systems, Tsinghua University, Beijing, China","institution_ids":["https://openalex.org/I99065089"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5043873168","display_name":"Qixin Chen","orcid":"https://orcid.org/0000-0002-3733-8641"},"institutions":[{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qixin Chen","raw_affiliation_strings":["State Key Laboratory of Power Systems, Tsinghua University, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"State Key Laboratory of Power Systems, Tsinghua University, Beijing, China","institution_ids":["https://openalex.org/I99065089"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100447205","display_name":"Chongqing Kang","orcid":"https://orcid.org/0000-0003-2296-8250"},"institutions":[{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chongqing Kang","raw_affiliation_strings":["State Key Laboratory of Power Systems, Tsinghua University, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"State Key Laboratory of Power Systems, Tsinghua University, Beijing, China","institution_ids":["https://openalex.org/I99065089"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5058698672","display_name":"Pierre Pinson","orcid":"https://orcid.org/0000-0002-1480-0282"},"institutions":[{"id":"https://openalex.org/I96673099","display_name":"Technical University of Denmark","ror":"https://ror.org/04qtj9h94","country_code":"DK","type":"education","lineage":["https://openalex.org/I96673099"]}],"countries":["DK"],"is_corresponding":false,"raw_author_name":"Pierre Pinson","raw_affiliation_strings":["Department of Electrical Engineering, Technical University of Denmark, Lyngby, Denmark"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Electrical Engineering, Technical University of Denmark, Lyngby, Denmark","institution_ids":["https://openalex.org/I96673099"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001759017","display_name":"Qing Xia","orcid":"https://orcid.org/0000-0001-5238-9300"},"institutions":[{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qing Xia","raw_affiliation_strings":["State Key Laboratory of Power Systems, Tsinghua University, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"State Key Laboratory of Power Systems, Tsinghua University, Beijing, China","institution_ids":["https://openalex.org/I99065089"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":29.0448,"has_fulltext":false,"cited_by_count":500,"citation_normalized_percentile":{"value":0.99754804,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":100},"biblio":{"volume":"7","issue":"5","first_page":"2359","last_page":"2367"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10663","display_name":"Advanced Battery Technologies Research","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2203","display_name":"Automotive Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10663","display_name":"Advanced Battery Technologies Research","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2203","display_name":"Automotive Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10768","display_name":"Electric Vehicles and Infrastructure","score":0.9991000294685364,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10223","display_name":"Microgrid Control and Optimization","score":0.9958999752998352,"subfield":{"id":"https://openalex.org/subfields/2207","display_name":"Control and Systems Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bidding","display_name":"Bidding","score":0.7549876570701599},{"id":"https://openalex.org/keywords/battery","display_name":"Battery (electricity)","score":0.7185928225517273},{"id":"https://openalex.org/keywords/battery-storage","display_name":"Battery storage","score":0.5410794615745544},{"id":"https://openalex.org/keywords/frequency-regulation","display_name":"Frequency regulation","score":0.5238240361213684},{"id":"https://openalex.org/keywords/power","display_name":"Power (physics)","score":0.46938464045524597},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3877990245819092},{"id":"https://openalex.org/keywords/reliability-engineering","display_name":"Reliability engineering","score":0.380353182554245},{"id":"https://openalex.org/keywords/automotive-engineering","display_name":"Automotive engineering","score":0.3653998374938965},{"id":"https://openalex.org/keywords/electrical-engineering","display_name":"Electrical engineering","score":0.36298972368240356},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3536134958267212},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.33530813455581665},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.32148247957229614},{"id":"https://openalex.org/keywords/electric-power-system","display_name":"Electric power system","score":0.30785688757896423},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.2933746576309204}],"concepts":[{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.7549876570701599},{"id":"https://openalex.org/C555008776","wikidata":"https://www.wikidata.org/wiki/Q267298","display_name":"Battery (electricity)","level":3,"score":0.7185928225517273},{"id":"https://openalex.org/C2983735921","wikidata":"https://www.wikidata.org/wiki/Q1832610","display_name":"Battery storage","level":4,"score":0.5410794615745544},{"id":"https://openalex.org/C2983304839","wikidata":"https://www.wikidata.org/wiki/Q1747997","display_name":"Frequency regulation","level":4,"score":0.5238240361213684},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.46938464045524597},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3877990245819092},{"id":"https://openalex.org/C200601418","wikidata":"https://www.wikidata.org/wiki/Q2193887","display_name":"Reliability engineering","level":1,"score":0.380353182554245},{"id":"https://openalex.org/C171146098","wikidata":"https://www.wikidata.org/wiki/Q124192","display_name":"Automotive engineering","level":1,"score":0.3653998374938965},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.36298972368240356},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3536134958267212},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.33530813455581665},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32148247957229614},{"id":"https://openalex.org/C89227174","wikidata":"https://www.wikidata.org/wiki/Q2388981","display_name":"Electric power system","level":3,"score":0.30785688757896423},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2933746576309204},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/tsg.2015.2424314","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2015.2424314","pdf_url":null,"source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"},{"id":"pmh:oai:pure.atira.dk:publications/54d720a1-c3e3-41a4-80a7-ab53ef80edbf","is_oa":true,"landing_page_url":"https://orbit.dtu.dk/en/publications/54d720a1-c3e3-41a4-80a7-ab53ef80edbf","pdf_url":null,"source":{"id":"https://openalex.org/S4306400705","display_name":"Technical University of Denmark, DTU Orbit (Technical University of Denmark, DTU)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I96673099","host_organization_name":"Technical University of Denmark","host_organization_lineage":["https://openalex.org/I96673099"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"He , G , Chen , Q , Kang , C , Pinson , P & Xia , Q 2016 , ' Optimal bidding strategy of battery storage in power markets considering performance based regulation and battery cycle life ' , IEEE Transactions on Smart Grid , vol. 7 , no. 5 , pp. 2359 - 2367 . https://doi.org/10.1109/TSG.2015.2424314","raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:pure.atira.dk:publications/54d720a1-c3e3-41a4-80a7-ab53ef80edbf","is_oa":true,"landing_page_url":"https://orbit.dtu.dk/en/publications/54d720a1-c3e3-41a4-80a7-ab53ef80edbf","pdf_url":null,"source":{"id":"https://openalex.org/S4306400705","display_name":"Technical University of Denmark, DTU Orbit (Technical University of Denmark, DTU)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I96673099","host_organization_name":"Technical University of Denmark","host_organization_lineage":["https://openalex.org/I96673099"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"He , G , Chen , Q , Kang , C , Pinson , P & Xia , Q 2016 , ' Optimal bidding strategy of battery storage in power markets considering performance based regulation and battery cycle life ' , IEEE Transactions on Smart Grid , vol. 7 , no. 5 , pp. 2359 - 2367 . https://doi.org/10.1109/TSG.2015.2424314","raw_type":"article"},"sustainable_development_goals":[{"display_name":"Responsible consumption and production","score":0.4399999976158142,"id":"https://metadata.un.org/sdg/12"}],"awards":[{"id":"https://openalex.org/G1777733014","display_name":null,"funder_award_id":"51107059","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G2275015837","display_name":null,"funder_award_id":"51325702","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G5130703251","display_name":null,"funder_award_id":"5136113570402","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W1516879251","https://openalex.org/W1976313757","https://openalex.org/W1981107854","https://openalex.org/W2004810321","https://openalex.org/W2010740028","https://openalex.org/W2011939993","https://openalex.org/W2013190587","https://openalex.org/W2018377741","https://openalex.org/W2047505253","https://openalex.org/W2049002156","https://openalex.org/W2051951960","https://openalex.org/W2055246084","https://openalex.org/W2072158120","https://openalex.org/W2075391763","https://openalex.org/W2080946235","https://openalex.org/W2084139304","https://openalex.org/W2103687208","https://openalex.org/W2142019762","https://openalex.org/W2151451377","https://openalex.org/W2169082579","https://openalex.org/W2172057026","https://openalex.org/W6644467842","https://openalex.org/W6680668558"],"related_works":["https://openalex.org/W2355561715","https://openalex.org/W2355326491","https://openalex.org/W2376717487","https://openalex.org/W2923036161","https://openalex.org/W4376457907","https://openalex.org/W2421251318","https://openalex.org/W4396885920","https://openalex.org/W4404910843","https://openalex.org/W4407370759","https://openalex.org/W2163307514"],"abstract_inverted_index":{"Large-scale":[0],"battery":[1,21,51,70,89,141,155],"storage":[2,22,27,71],"will":[3],"become":[4],"an":[5],"essential":[6],"part":[7],"of":[8,131,161],"the":[9,16,100,129,132,154,162],"future":[10],"smart":[11],"grid.":[12],"This":[13,134],"paper":[14],"investigates":[15],"optimal":[17,101],"bidding":[18,136,146],"strategy":[19,81],"for":[20,69],"in":[23,103],"power":[24],"markets.":[25,110],"Battery":[26],"could":[28],"increase":[29],"its":[30,74,79],"profitability":[31],"by":[32,56,77,167],"providing":[33,62],"fast":[34,47,63],"regulation":[35,40,64,109],"service":[36,75],"under":[37,121],"a":[38,45,88,94,112],"performance-based":[39],"mechanism,":[41],"which":[42],"better":[43,143],"exploits":[44],"battery\u2019s":[46],"ramping":[48],"capability.":[49],"However,":[50],"life":[52,76,91,120],"might":[53],"be":[54],"decreased":[55],"frequent":[57],"charge\u2013discharge":[58],"cycling,":[59],"especially":[60],"when":[61],"service.":[65],"It":[66],"is":[67,125,165],"profitable":[68],"to":[72,82,98,117,127,152],"extend":[73],"limiting":[78],"operational":[80,123,148],"some":[83],"degree.":[84],"Thus,":[85],"we":[86],"incorporate":[87],"cycle":[90,119],"model":[92,97,137,164],"into":[93],"profit":[95],"maximization":[96],"determine":[99],"bids":[102],"day-ahead":[104],"energy,":[105],"spinning":[106],"reserve,":[107],"and":[108,147,150],"Then":[111],"decomposed":[113],"online":[114],"calculation":[115],"method":[116],"compute":[118],"different":[122],"strategies":[124],"proposed":[126,163],"reduce":[128],"complexity":[130],"model.":[133],"novel":[135],"would":[138],"help":[139],"investor-owned":[140],"storages":[142],"decide":[144],"their":[145],"schedules":[149],"investors":[151],"estimate":[153],"storage\u2019s":[156],"economic":[157],"viability.":[158],"The":[159],"validity":[160],"proven":[166],"case":[168],"study":[169],"results.":[170]},"counts_by_year":[{"year":2026,"cited_by_count":17},{"year":2025,"cited_by_count":51},{"year":2024,"cited_by_count":54},{"year":2023,"cited_by_count":51},{"year":2022,"cited_by_count":58},{"year":2021,"cited_by_count":67},{"year":2020,"cited_by_count":65},{"year":2019,"cited_by_count":44},{"year":2018,"cited_by_count":36},{"year":2017,"cited_by_count":37},{"year":2016,"cited_by_count":18},{"year":2015,"cited_by_count":2}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}