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.
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