# Convexifying Market Clearing of SoC-Dependent Bids from Merchant Storage Participants

arXiv: https://arxiv.org/abs/2209.02107 · HTML: https://mlsanity.com/paper/2209.02107/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- First posted on arXiv 5 Sep 2022.

## Built on by (most cited first, 1 of 1)

- [Transferable Energy Storage Bidder](https://mlsanity.com/paper/2301.01233/) (2023)

## Abstract (arXiv)

State-of-charge (SoC) dependent bidding allows merchant storage participants to incorporate SoC-dependent operation and opportunity costs in a bid-based market clearing process. However, such a bid results in a non-convex cost function in the multi-interval economic dispatch and market clearing, limiting its implementation in practice. We show that a simple restriction on the bidding format removes the non-convexity, making the multi-interval dispatch of SoC-dependent bids a standard convex piece-wise linear program.