Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services

Amaia Gonzalez-Garrido; Andoni Saez-De-Ibarra; Haizea Gaztanaga; Aitor Milo; Pablo Eguia

doi:10.1109/EVER.2018.8362386

Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services

Amaia Gonzalez-Garrido
, Andoni Saez-De-Ibarra
, Haizea Gaztanaga
, Aitor Milo
, Pablo Eguia

IKERLAN

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

5 Citations (Scopus)

Abstract

This paper proposes an energy storage management with an advanced and optimized market participation methodology for Day-Ahead Market (DM), Intraday Market (IM) and Secondary Reserve Market (SRM), with the aim of defining the optimal trade-off between the profits and the fulfilment of SRM requirements. This paper aims to demonstrate their potential to participate not only in energy markets, but also in frequency ancillary services in order to contribute to the grid stability, as well as being an additional source of revenues. The suitable market strategy must ensure an optimal and reliable operation despite the uncertainty of solar generation, the uncertain real-Time CRR signal and the limited capacity of the energy storage system.

Original language	English
Title of host publication	2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	1-8
Number of pages	8
ISBN (Electronic)	9781538659663
DOIs	https://doi.org/10.1109/EVER.2018.8362386
Publication status	Published - 21 May 2018
Externally published	Yes
Event	13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018 - Monte Carlo, Monaco Duration: 10 Apr 2018 → 12 Apr 2018

Publication series

Name	2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018

Conference

Conference	13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018
Country/Territory	Monaco
City	Monte Carlo
Period	10/04/18 → 12/04/18

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Ancillary Services
Day-Ahead Electricity Market
Energy Management
Energy Storage System
Intraday Markets
Market Operation
Secondary Reserve Market
Solar Generation

Access to Document

10.1109/EVER.2018.8362386

Cite this

Gonzalez-Garrido, A., Saez-De-Ibarra, A., Gaztanaga, H., Milo, A., & Eguia, P. (2018). Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services. In 2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018 (pp. 1-8). (2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/EVER.2018.8362386

Gonzalez-Garrido, Amaia ; Saez-De-Ibarra, Andoni ; Gaztanaga, Haizea et al. / Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services. 2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018. Institute of Electrical and Electronics Engineers Inc., 2018. pp. 1-8 (2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018).

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title = "Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services",

abstract = "This paper proposes an energy storage management with an advanced and optimized market participation methodology for Day-Ahead Market (DM), Intraday Market (IM) and Secondary Reserve Market (SRM), with the aim of defining the optimal trade-off between the profits and the fulfilment of SRM requirements. This paper aims to demonstrate their potential to participate not only in energy markets, but also in frequency ancillary services in order to contribute to the grid stability, as well as being an additional source of revenues. The suitable market strategy must ensure an optimal and reliable operation despite the uncertainty of solar generation, the uncertain real-Time CRR signal and the limited capacity of the energy storage system.",

keywords = "Ancillary Services, Day-Ahead Electricity Market, Energy Management, Energy Storage System, Intraday Markets, Market Operation, Secondary Reserve Market, Solar Generation",

author = "Amaia Gonzalez-Garrido and Andoni Saez-De-Ibarra and Haizea Gaztanaga and Aitor Milo and Pablo Eguia",

note = "Publisher Copyright: {\textcopyright} 2018 IEEE.; 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018 ; Conference date: 10-04-2018 Through 12-04-2018",

year = "2018",

month = may,

day = "21",

doi = "10.1109/EVER.2018.8362386",

language = "English",

series = "2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018",

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Gonzalez-Garrido, A, Saez-De-Ibarra, A, Gaztanaga, H, Milo, A & Eguia, P 2018, Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services. in 2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018. 2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018, Institute of Electrical and Electronics Engineers Inc., pp. 1-8, 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018, Monte Carlo, Monaco, 10/04/18. https://doi.org/10.1109/EVER.2018.8362386

Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services. / Gonzalez-Garrido, Amaia; Saez-De-Ibarra, Andoni; Gaztanaga, Haizea et al.
2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018. Institute of Electrical and Electronics Engineers Inc., 2018. p. 1-8 (2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

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AU - Gonzalez-Garrido, Amaia

AU - Saez-De-Ibarra, Andoni

AU - Gaztanaga, Haizea

AU - Milo, Aitor

AU - Eguia, Pablo

PY - 2018/5/21

Y1 - 2018/5/21

N2 - This paper proposes an energy storage management with an advanced and optimized market participation methodology for Day-Ahead Market (DM), Intraday Market (IM) and Secondary Reserve Market (SRM), with the aim of defining the optimal trade-off between the profits and the fulfilment of SRM requirements. This paper aims to demonstrate their potential to participate not only in energy markets, but also in frequency ancillary services in order to contribute to the grid stability, as well as being an additional source of revenues. The suitable market strategy must ensure an optimal and reliable operation despite the uncertainty of solar generation, the uncertain real-Time CRR signal and the limited capacity of the energy storage system.

AB - This paper proposes an energy storage management with an advanced and optimized market participation methodology for Day-Ahead Market (DM), Intraday Market (IM) and Secondary Reserve Market (SRM), with the aim of defining the optimal trade-off between the profits and the fulfilment of SRM requirements. This paper aims to demonstrate their potential to participate not only in energy markets, but also in frequency ancillary services in order to contribute to the grid stability, as well as being an additional source of revenues. The suitable market strategy must ensure an optimal and reliable operation despite the uncertainty of solar generation, the uncertain real-Time CRR signal and the limited capacity of the energy storage system.

KW - Ancillary Services

KW - Day-Ahead Electricity Market

KW - Energy Management

KW - Energy Storage System

KW - Intraday Markets

KW - Market Operation

KW - Secondary Reserve Market

KW - Solar Generation

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M3 - Conference contribution

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BT - 2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018

Y2 - 10 April 2018 through 12 April 2018

ER -

Gonzalez-Garrido A, Saez-De-Ibarra A, Gaztanaga H, Milo A, Eguia P. Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services. In 2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018. Institute of Electrical and Electronics Engineers Inc. 2018. p. 1-8. (2018 13th International Conference on Ecological Vehicles and Renewable Energies, EVER 2018). doi: 10.1109/EVER.2018.8362386

Comparison of market operation strategies for photovoltaic power plants with storage systems providing frequency ancillary services

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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