Publication

Economic analysis of battery electric storage systems operating in electricity markets

Conference Article

Conference

International Conference on the European Energy Market (EEM)

Edition

12th

Pages

1-5

Doc link

http://dx.doi.org/10.1109/EEM.2015.7216739

File

Download the digital copy of the doc pdf document

Authors

  • Heredia Cervera, F. Javier

  • Riera Colomer, Jordi

  • Mata Dumenjó, Montserrat

  • Escuer, Joan

  • Romeu, Jordi

Abstract

Battery electric storage systems (BESS) in the range of 1-10 MWh is a key technology allowing a more efficient operation of small electricity market producer. The aim of this work is to assess the economic viability of Li-ion based BESS systems for small electricity producers. The results of the ex-post economic analysis performed with real data from the Iberian Electricity Market shows the economic viability of a Li-ion based BESS thanks to the optimal operation in day-ahead and ancillary electricity markets

Categories

optimisation.

Author keywords

battery energy storage systems; electricity markets; mathematical optimization; SAS/OR; wind power plants

Scientific reference

F.-J. Heredia, J. Riera, M. Mata, J.. Escuer and J. Romeu. Economic analysis of battery electric storage systems operating in electricity markets, 12th International Conference on the European Energy Market, 2015, Lisbon, Portugal, pp. 1-5, IEEE.