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