“…1), the signal has been presumed to contain significantly less energy than the other markets and services, which is beneficial for the small energy capacities of batteries [18], [19], [22], [24], [26], [28]. Because frequency regulation has been demonstrated by many as the best choice of energy market for DES systems, my analysis is based on this market [7], [11], [12], [16], [18], [19], [22][23][24].…”