Price development and bidding strategies for battery energy storage systems on the primary control reserve market
| Autor: | Dirk Uwe Sauer, Johannes Fleer, Peter Stenzel, Sebastian Zurmühlen, Jürgen-Friedrich Hake, Jonas Meyer, Julia Badeda |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Battery (electricity)
020209 energy 02 engineering and technology Bidding Environmental economics 021001 nanoscience & nanotechnology Investment (macroeconomics) Option value 0202 electrical engineering electronic engineering information engineering Market price Revenue Common value auction Business Volatility (finance) ddc:620 0210 nano-technology health care economics and organizations |
| Zdroj: | Energy procedia 135, 143-157 (2017). doi:10.1016/j.egypro.2017.09.497 11th International Renewable Energy Storage Conference, IRES 2017, Düsseldorf, Germany, 2017-03-14-2017-03-16 Amsterdam [u.a.] : Elsevier, Energy procedia 135, 143-157 (2017). doi:10.1016/j.egypro.2017.09.497 |
| DOI: | 10.1016/j.egypro.2017.09.497 |
| Popis: | Decreasing prices on the German primary control reserve (PCR) market lead to an uncertain economic situation for battery energy storage systems (BESS) providing PCR. In a simulation-based approach, which takes into consideration application-specific aging, an economic assessment of a 1.5 MWh BESS providing PCR is conducted. Different bidding strategies for PCR auctions have been developed and their impact on revenues and battery aging has been investigated. Furthermore, following an option value approach, we analyzed how different PCR price paths and the time of investment affect the economic feasibility of BESS providing PCR. The results show that the choice of strategies developed in this paper do not have a substantial influence on revenues and battery aging. However, the development of PCR market prices and battery system costs is crucial for the economic feasibility of BESS providing PCR. Investments come with a high risk due to the volatility of PCR market prices and the uncertainty of future battery system prices. |
| Databáze: | OpenAIRE |
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