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Bidding strategies for energy storage players in 100% renewable electricity market: A game-theoretical approach
Arega Getaneh Abate, Salim Hassi, Dogan Keles, Xiufeng Liu, Xiao-Bing Zhang
https://arxiv.org/abs/2509.26568

Bidding strategies for energy storage players in 100% renewable electricity market: A game-theoretical approach
The transition to electricity systems powered entirely by renewable energy sources makes energy storage indispensable for balancing intermittency and ensuring reliability. Since RES operate at near-zero marginal cost, storage operators can strongly influence electricity prices and energy security when renewable supply alone cannot meet demand. We develop a Cournot competition model in which storage operators strategically bid quantities to maximize their profits. We propose a MILP model with th…