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Forecasts of the power market prices before the day-ahead market closure time are prone to significant error. I predict whether the day ahead (PTF in Turkish) or balancing (standard marginal price (SMF in Turkish)) will be higher at a given hour next day. It creates decisive forecasts for reducing the balancing cost.
Co-optimization framework for Battery Energy Storage Systems between day-ahead energy arbitrage and balancing reserves. Builds a unified optimization model and evaluates revenue of multiple strategies using French market data (RTE/Ember).