Question: please find the maximum revenue using opl (cplex ibm code) 1. Energy Arbitrage (5 marks) Energy arbitrage is a technique where power is bought during

please find the maximum revenue using opl (cplex ibm code) 1.

please find the maximum revenue using opl (cplex ibm code)

1. Energy Arbitrage (5 marks) Energy arbitrage is a technique where power is bought during off-peak hours (when grid prices are cheapest) and then stored and used during peak hours (when grid electricity prices are highest). A battery energy storage system (BESS) is to be used for energy arbitrage profit. The BESS has the following parameters: - Maximum rate of charging 100kW - Maximum rate of discharge 90kW - Overall maximum stored capacity 480kWh - MDOD=80% - Charging efficiency 90% - Discharging efficiency 87% - Initial SOC 35% The energy prices are given below: Formulate an LP to maximize the revenue from energy arbitrage a) Provide a list of sets, variables, and parameters. b) Write down the problem formulation d) What is the maximum revenue

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