Analysis of Block Orders and Its Implications for Market Participation Mode of Battery Energy Storage Stations

Abstract

Flexible block orders designed by European electricity market is a relatively perfect time-sharing electricity price and clearing mechanism. It allows members to provide bidding form of diversification and individuation according to their own characteristics. This mechanism has features of flexibility, compatibility and expansibility, and can reasonably express the trading demands of various types of market participants, which including energy storage. Therefore, it can be used to solve the problem of market participation model of energy storage. Considering the actual situation in China, block orders are suitable for the daily, weekly and monthly markets to help battery energy storage stations. So that they can obtain low-price electric energy by participating in the medium and long-term electricity market and promote the development of them.