Inspec keywords: optimisation; power markets; pricing; energy storage; power system economics; resource allocation

Other keywords: sensitivity analysis; optimisation model; renewable energy resource; battery energy storage; reserve market; monetary benefit; flexible ramping product; power balance violation; real-time dispatch; BES; independent system operator; power system; price spike mechanism; USA; day-ahead energy; electricity market; FRP; resource allocation

Subjects: Power system management, operation and economics; Other energy storage; Optimisation techniques