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

Producción científica: Capítulo del libro/informe/acta de congreso › Contribución a la conferencia › revisión exhaustiva

5 Citas (Scopus)

Resumen

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.

Idioma original	Inglés
Título de la publicación alojada	15th International Conference on the European Energy Market, EEM 2018
Editorial	IEEE Computer Society
ISBN (versión digital)	9781538614884
DOI	https://doi.org/10.1109/EEM.2018.8469953
Estado	Publicada - 20 sept 2018
Publicado de forma externa	Sí
Evento	15th International Conference on the European Energy Market, EEM 2018 - Lodz, Polonia Duración: 27 jun 2018 → 29 jun 2018

Serie de la publicación

Nombre	International Conference on the European Energy Market, EEM
Volumen	2018-June
ISSN (versión impresa)	2165-4077
ISSN (versión digital)	2165-4093

Conferencia

Conferencia	15th International Conference on the European Energy Market, EEM 2018
País/Territorio	Polonia
Ciudad	Lodz
Período	27/06/18 → 29/06/18

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

ODS 7: Energía asequible y no contaminante

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10.1109/EEM.2018.8469953

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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. En 15th International Conference on the European Energy Market, EEM 2018 Artículo 8469953 (International Conference on the European Energy Market, EEM; Vol. 2018-June). IEEE Computer Society. https://doi.org/10.1109/EEM.2018.8469953

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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.",

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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",

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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. En 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, Polonia, 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).

Producción científica: Capítulo del libro/informe/acta de congreso › Contribución a la conferencia › revisión exhaustiva

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

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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. En 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

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