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
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;
Conference_Titel :
European Energy Market (EEM), 2015 12th International Conference on the
Conference_Location :
Lisbon, Portugal
DOI :
10.1109/EEM.2015.7216739
