Economic analysis of battery electric storage systems operating in electricity markets

Publication TypeProceedings Article
Year of Publication2015
AuthorsF.-Javier Heredia; Jordi Riera; Montserrat Mata; Joan Escuer; Jordi Romeu
Conference Name12th International Conference on the European Energy Market (EEM15)
Pagination1- 5
Conference Start Date19/05/2015
Conference LocationLisbone, Portugal.
ISBN Number978-1-4673-6692-2/15
Key Wordsvirtual power plants; energy economy; battery energy storage systems; electricity markets; SAS/OR; wind power; research; paper
AbstractBattery 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.
URLClick Here
ExportTagged XML BibTex