DocumentCode
1721216
Title
Economic analysis of battery electric storage systems operating in electricity markets
Author
Heredia, F.-Javier ; Riera, Jordi ; Mata, Montserrat ; Escuer, Joan ; Romeu, Jordi
Author_Institution
Group on Numerical Optimization and Modeling (GNOM) Universitat Politècnica de Catalunya - BarcelonaTech, Jordi Girona 1-3, 08034 Barcelona. Spain
fYear
2015
Firstpage
1
Lastpage
5
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.
Keywords
Batteries; Discharges (electric); Economics; Electricity supply industry; Optimization; System-on-chip; SAS/OR; battery energy storage systems; electricity markets; mathematical optimization; wind power plants;
fLanguage
English
Publisher
ieee
Conference_Titel
European Energy Market (EEM), 2015 12th International Conference on the
Conference_Location
Lisbon, Portugal
Type
conf
DOI
10.1109/EEM.2015.7216739
Filename
7216739
Link To Document