Title :
Benefits of energy storages for wind power trading
Author :
Völler, S. ; Al-Awaad, A.-R. ; Verstege, J.F.
Abstract :
In Germany renewable energy is paid by law with a high and constant amount wherefore there is no real competition between renewable and conventional power plants. This work analyses the possibilities of wind farm operators to take part in an open energy market and increase their income with new payment alternatives (e.g. energy exchange, control power). To secure a steady supply of power and to allow a time variant supply, a storage is used for optimization. The results show that an increase of profit is possible.
Keywords :
energy storage; power markets; wind power; open energy market; renewable energy storage; time variant supply; wind farm operators; wind power trading; Brain modeling; Electroencephalography; Energy exchange; Energy storage; Power generation; Renewable energy resources; Secure storage; Wind energy; Wind farms; Wind speed;
Conference_Titel :
Sustainable Energy Technologies, 2008. ICSET 2008. IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-1887-9
Electronic_ISBN :
978-1-4244-1888-6
DOI :
10.1109/ICSET.2008.4747097