Economic analysis of battery electric storage systems operating in electricity markets

Heredia, F.-Javier (Francisco Javier); Riera, Jordi; Mata, Montserrat; Escuer, Joan; Romeu, Jordi

doi:10.1109/EEM.2015.7216739

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Heredia, F.-Javier (Francisco Javier)

Document typeConference report

Defense date2015

PublisherInstitute of Electrical and Electronics Engineers (IEEE)

Rights accessOpen Access

Abstract

Battery electric storage systems (BESS) in the range of 1-10 MWh is a key technology allowing a more efficient operation of small electricity market producer. The aim of this work is to assess the economic viability of Li-ion based BESS systems for small electricity producers. The results of the ex-post economic analysis performed with real data from the Iberian Electricity Market shows the economic viability of a Li-ion based BESS thanks to the optimal operation in day-ahead and ancillary electricity markets.

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© 20xx IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.

CitationHeredia, F., Riera, J., Mata, M., Escuer, J., Romeu, J. Economic analysis of battery electric storage systems operating in electricity markets. A: International Conference on the European Energy Market. "2015 12th International Conference on the European Energy Market (EEM)". Lisboa: Institute of Electrical and Electronics Engineers (IEEE), 2015, p. 1-5.

URIhttp://hdl.handle.net/2117/82524

DOI10.1109/EEM.2015.7216739

ISBN978-1-4673-6691-5

Publisher versionhttp://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=7216739

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