Dual technology energy storage system applied to two complementary electricity markets using a weekly differentiated approach
| Autor: | João Peças Lopes, J.G. Slootweg, Kateřina Staňková, Helder Lopes Ferreira, WL Wil Kling |
|---|---|
| Přispěvatelé: | DKE Scientific staff, RS: FSE DACS NSO, Electrical Energy Systems |
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Optimization
Electricity markets Energy storage systems 020209 energy Energy Engineering and Power Technology 02 engineering and technology Renewable energy sources integration Energy storage Electric power system Variable renewable energy 0202 electrical engineering electronic engineering information engineering 0601 history and archaeology SDG 7 - Affordable and Clean Energy Electrical and Electronic Engineering Flexibility (engineering) 060102 archaeology Renewable Energy Sustainability and the Environment business.industry 06 humanities and the arts Environmental economics Dual (category theory) Optimal control Stand-alone power system Profitability index Business Electricity SDG 7 – Betaalbare en schone energie |
| Zdroj: | Journal of Energy Storage, 12, 226-242. Elsevier BV Journal of Energy Storage, 12, 226-242. Elsevier Repositório Científico de Acesso Aberto de Portugal Repositório Científico de Acesso Aberto de Portugal (RCAAP) instacron:RCAAP |
| ISSN: | 2352-152X |
| Popis: | This paper deals with integration of energy storage systems into electricity markets. We explain why the energy storage systems increase flexibility of both power systems and energy markets and why such flexibility is desirable, particularly when variable renewable energy sources are being used in existing power systems. As opposed to the existing literature, our model includes a dual technology energy storage system, acting in two different markets. We introduce a mathematical formulation for this model applied to two Dutch electricity markets. Adopting optimal control approach with the goal to maximize the yearly benefit, we show that the dual energy storage system can be profitable already when the same buying/selling strategies are adopted for the working days and weekends. We show that the profitability (slightly) increases with different buying/selling strategies for the weekdays and weekends. Finally, we demonstrate how the yearly benefit varies with size and efficiency of the devices chosen and market prices. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect