The present disclosure pertains to a system that may be configured to operate a power grid, including generation participants, consumers, and electric storage resources (ESRs), by: managing, via the generation participants, a state of charge (SOC) for the ESRs, an operational constraint, minimum and maximum offer parameters, minimum and maximum SOCs, and transition times between charging and discharging, the parameters including charge or discharge time and charge or discharge limits; treating different online modes as a must run commitment status, the modes including discharging, charging, and continuous; and committing an ESR offering an emergency discharge commitment status or an emergency charge commitment status to address a maximum generation emergency condition or a minimum generation emergency condition, respectively.