GitHub - davidwozabal/TPWRS-00218-2020: Code for the case study in Section V of the paper "Economies of Scope for Electricity Storage and Variable Renewables"

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Code for the case study in Section V of the paper "Economies of Scope for Electricity Storage and Variable Renewables"

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Name		Name	Last commit message	Last commit date
Latest commit History 9 Commits
data		data
.gitignore		.gitignore
README.txt		README.txt
generate_table_II.m		generate_table_II.m
lb_secondary_control_reserve.m		lb_secondary_control_reserve.m
quantile_nu.m		quantile_nu.m
ub_spot_bidding.m		ub_spot_bidding.m

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I. DESCRIPTION
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This repository contains the scripts and data files relating to Section V of the paper "Economies of Scope for Electricity Storage and Variable Renewables" by Gonçalo Terça and David Wozabal.

COPYRIGHT: Gonçalo Terça and David Wozabal, 05/2020.

II. REQUIREMENTS
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The case studies are coded in MATLAB and require a basic MATLAB installation and optimization toolbox (alternatively any other linear programming solver that interfaces with YALMIP), and the YALMIP package to freely available at
https://yalmip.github.io/download/
The installation directory of YALMIP has to be added to the MATLAB path.

III. CONTENTS
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TOP LEVEL: generate_table_II.m generates Table II from the paper and calculates results for both case studies.

CASE STUDY 1: The first case study considers an upper bound for the profits generated by optimal bidding of an electricity storage on the German spot market for electricity as described in Section 5 of the paper (see file ub_spot_bidding.m). 

CASE STUDY 2: The second case study considers a suboptimal non-anticipative strategy of operating an electricity  storage on the German secondary control reserve market as described in section 5 of the paper (see lb_secondary_control_reserve.m).