Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets

A. Gonzalez-Garrido; A. Saez-De-Ibarra; A. Milo; H. Gaztanaga; P. Eguia

doi:10.1109/EEM.2018.8469953

Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets

A. Gonzalez-Garrido
, A. Saez-De-Ibarra
, A. Milo
, H. Gaztanaga
, P. Eguia

IKERLAN

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

5 Citations (Scopus)

Abstract

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.

Original language	English
Title of host publication	15th International Conference on the European Energy Market, EEM 2018
Publisher	IEEE Computer Society
ISBN (Electronic)	9781538614884
DOIs	https://doi.org/10.1109/EEM.2018.8469953
Publication status	Published - 20 Sept 2018
Externally published	Yes
Event	15th International Conference on the European Energy Market, EEM 2018 - Lodz, Poland Duration: 27 Jun 2018 → 29 Jun 2018

Publication series

Name	International Conference on the European Energy Market, EEM
Volume	2018-June
ISSN (Print)	2165-4077
ISSN (Electronic)	2165-4093

Conference

Conference	15th International Conference on the European Energy Market, EEM 2018
Country/Territory	Poland
City	Lodz
Period	27/06/18 → 29/06/18

UN SDGs

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

SDG 7 Affordable and Clean Energy

Keywords

Ancillary Services
Electricity Market
Energy Management
Energy Storage System
Solar Generation

Access to Document

10.1109/EEM.2018.8469953

Cite this

Gonzalez-Garrido, A., Saez-De-Ibarra, A., Milo, A., Gaztanaga, H., & Eguia, P. (2018). Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets. In 15th International Conference on the European Energy Market, EEM 2018 Article 8469953 (International Conference on the European Energy Market, EEM; Vol. 2018-June). IEEE Computer Society. https://doi.org/10.1109/EEM.2018.8469953

@inproceedings{357b0bb3a0f7441db9a910bbd5832e9f,

title = "Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets",

abstract = "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.",

keywords = "Ancillary Services, Electricity Market, Energy Management, Energy Storage System, Solar Generation",

author = "A. Gonzalez-Garrido and A. Saez-De-Ibarra and A. Milo and H. Gaztanaga and P. Eguia",

note = "Publisher Copyright: {\textcopyright} 2018 IEEE.; 15th International Conference on the European Energy Market, EEM 2018 ; Conference date: 27-06-2018 Through 29-06-2018",

year = "2018",

month = sep,

day = "20",

doi = "10.1109/EEM.2018.8469953",

language = "English",

series = "International Conference on the European Energy Market, EEM",

publisher = "IEEE Computer Society",

booktitle = "15th International Conference on the European Energy Market, EEM 2018",

address = "United States",

}

Gonzalez-Garrido, A, Saez-De-Ibarra, A, Milo, A, Gaztanaga, H & Eguia, P 2018, Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets. in 15th International Conference on the European Energy Market, EEM 2018., 8469953, International Conference on the European Energy Market, EEM, vol. 2018-June, IEEE Computer Society, 15th International Conference on the European Energy Market, EEM 2018, Lodz, Poland, 27/06/18. https://doi.org/10.1109/EEM.2018.8469953

Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets. / Gonzalez-Garrido, A.; Saez-De-Ibarra, A.; Milo, A. et al.
15th International Conference on the European Energy Market, EEM 2018. IEEE Computer Society, 2018. 8469953 (International Conference on the European Energy Market, EEM; Vol. 2018-June).

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

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.

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 -

Gonzalez-Garrido A, Saez-De-Ibarra A, Milo A, Gaztanaga H, Eguia P. Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets. In 15th International Conference on the European Energy Market, EEM 2018. IEEE Computer Society. 2018. 8469953. (International Conference on the European Energy Market, EEM). doi: 10.1109/EEM.2018.8469953

Sensitivity analysis of the storage system sizing for solar plants in energy and reserve markets

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this