SAS/OPTMODEL
A Study on Feasibility of the Distributed Battery Energy Storage Systems in Spanish Retail Electricity Market
Tue, 09/27/2016 - 09:19 — admin| Publication Type | Tesis de Grau i Màster // BSc and MSc Thesis |
| Year of Publication | 2016 |
| Authors | Maksims Sisovs |
| Director | F.-Javier Heredia |
| Tipus de tesi | MSc Thesis |
| Titulació | "KIC InnoEnergy" Master of Science in Smart Electrical Networks and Systems |
| Centre | Escola Tècnica Superior d'Enginyeria Industrial de Barcelona (ETSEIB) |
| Data defensa | 16/09/2016 |
| Nota // mark | 10 MH (A+ with honours) |
| Key Words | teaching; BEES; battery energy storage systems; electrical vehicle; smart meters; retail energy market; MSc Thesis |
| Abstract | The main focus of this master thesis project is to evaluate the economic, technical and regulatory feasibility of distributed battery energy storage systems (BESS) and the potential opportunity of electricity companies to increase their pro ts through advanced operation in energy services, such as electric energy time-shift, ancillary or electric vehicle incentives in Spanish electricity market. To assess the feasibility, an optimization tool has been developed. This tool simulates energy trading between diff erent market participants with particular features extracted from data analysis and literature. Load consumption pro les had been developed from smart meter real data by applying several data mining techniques. This part had been guided by external collaborating entity Minsait. Electricity market analysis includes the overview of its functionality principles and regulatory side regarding storage adaptation and speci fic service applicability. Market historical prices were used for further electricity trading simulation. A brief technical insight explains current storage situation and tells about high-potential technologies in emerging markets. Benchmark analysis covers several products of battery manufacturers with relevant technical and price information. Spanish electricity market showed low adaptability to distributed BESS solutions: energy arbitrage incomes have resulted being insuficient. Ancillary services, despite promising economic gures, are to a large extent prohibited to be provided by distributed storage. Electric vehicle incentives, though, resulted being of a high interest due to absence of direct investment. |
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Economic analysis of battery electric storage systems operating in electricity markets
Thu, 09/03/2015 - 10:14 — admin| Publication Type | Proceedings Article |
| Year of Publication | 2015 |
| Authors | F.-Javier Heredia; Jordi Riera; Montserrat Mata; Joan Escuer; Jordi Romeu |
| Conference Name | 12th International Conference on the European Energy Market (EEM15) |
| Pagination | 1- 5 |
| Conference Start Date | 19/05/2015 |
| Publisher | IEEE |
| Conference Location | Lisbone, Portugal. |
| ISBN Number | 978-1-4673-6692-2/15 |
| Key Words | virtual power plants; energy economy; battery energy storage systems; electricity markets; SAS/OR; wind power; research; paper |
| 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. |
| URL | Click Here |
| DOI | 10.1109/EEM.2015.7216739 |
| Preprint | http://hdl.handle.net/2117/82524 |
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Economic analysis of battery electric storage systems operating in electricity markets
Wed, 06/24/2015 - 13:06 — admin| Publication Type | Conference Paper |
| Year of Publication | 2015 |
| Authors | F.-Javier Heredia; Jordi Riera; Montserrat Mata; Joan Escuer; Jordi Romeu |
| Conference Name | 12th International Conference on the European Energy Market |
| Conference Date | 19-22/05/2015 |
| Conference Location | Lisbon, Portugal |
| Type of Work | contributed presentation |
| Key Words | research; MTM2013-48462-C2-1; battery electricity storage systems; electricity markets; day-ahead market; secondary reserve market; SAS/OR; wind power plants; energy economy; virtual power plant |
| 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. |
| URL | Click Here |
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