TY - GEN
T1 - Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets
AU - Gonzalez-Garrido, A.
AU - Saez-De-Ibarra, A.
AU - Milo, A.
AU - Gaztanaga, H.
AU - Eguia, P.
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2018/9/20
Y1 - 2018/9/20
N2 - A sensitivity analysis of Energy Storage System (ESS) sizing is proposed in this paper, in order to evaluate the influence of the ESS capacity in technical market requirements, market benefits and total profitability of the plant. With this objective, several market scenarios have been defined modifying ESS capacity, ESS costs, reserve band availability and energy imbalances prices. An increase in the ESS sizing allows a better real-time operation. On the other hand, the high ESS cost could results in a reduction of the plant profitability. Under current Iberian market conditions, a reduction of ESS costs is not sufficient to increase its profitability. However, under a scenario which penalizes more the energy imbalances, calculating the optimal ESS sizing will increase the overall plant profitability. For this purpose, the optimal ESS sizing should be found for each scenario, as well as optimizing the reserve band offers and applying an advanced energy management strategy in real-time.
AB - A sensitivity analysis of Energy Storage System (ESS) sizing is proposed in this paper, in order to evaluate the influence of the ESS capacity in technical market requirements, market benefits and total profitability of the plant. With this objective, several market scenarios have been defined modifying ESS capacity, ESS costs, reserve band availability and energy imbalances prices. An increase in the ESS sizing allows a better real-time operation. On the other hand, the high ESS cost could results in a reduction of the plant profitability. Under current Iberian market conditions, a reduction of ESS costs is not sufficient to increase its profitability. However, under a scenario which penalizes more the energy imbalances, calculating the optimal ESS sizing will increase the overall plant profitability. For this purpose, the optimal ESS sizing should be found for each scenario, as well as optimizing the reserve band offers and applying an advanced energy management strategy in real-time.
KW - Ancillary Services
KW - Electricity Market
KW - Energy Management
KW - Energy Storage System
KW - Solar Generation
UR - https://www.scopus.com/pages/publications/85055539883
U2 - 10.1109/EEM.2018.8469953
DO - 10.1109/EEM.2018.8469953
M3 - Conference contribution
AN - SCOPUS:85055539883
T3 - International Conference on the European Energy Market, EEM
BT - 15th International Conference on the European Energy Market, EEM 2018
PB - IEEE Computer Society
T2 - 15th International Conference on the European Energy Market, EEM 2018
Y2 - 27 June 2018 through 29 June 2018
ER -
