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
Authors
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Heredia Cervera, F. Javier
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Riera Colomer, Jordi
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Mata Dumenjó, Montserrat
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Escuer, Joan
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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.
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