Pricing real-time stochastic storage operations

Pricing storage operation in the real-time market under demand and generation stochasticities is considered. A scenario-based stochastic rolling-window dispatch model formulated for market, consisting of conventional generators, utility-scale storage, distributed energy resource aggregators. We show that uniform pricing mechanisms require discriminative out-of-the-market uplifts, making settlements locational marginal (LMP) discriminative. It also shown temporal (TLMP) adds nonuniform shadow prices ramping state-of-charge to LMP removes need uplifts. Truthful bidding incentives are established price-taking participants TLMP. Revenue adequacy uplifts evaluated numerical simulations.