| Full text | |
| Author(s): |
Salles, Mauricio B. C.
;
Gadotti, Taina N.
;
Aziz, Michael J.
;
Hogan, William W.
;
IEEE
Total Authors: 5
|
| Document type: | Journal article |
| Source: | 2017 IEEE 6TH INTERNATIONAL CONFERENCE ON RENEWABLE ENERGY RESEARCH AND APPLICATIONS (ICRERA); v. N/A, p. 6-pg., 2017-01-01. |
| Abstract | |
Energy arbitrage is attracting interest of Energy Storage Systems developers and owners to provide net revenue in transmission and distribution systems. We have analyzed the potential revenue of a generic Energy Storage System (ESS) within the electricity market of PJM in 8 different locations where such technology is already installed. We used hourly Day Ahead and Real-time locational marginal prices over the sevenyear period 2008-2014, assuming a price-taking dispatch with perfect foresight. The charge-discharge profiles were optimized to determine the minimum potential revenue for 1 MW system for 70% round trip efficiency in those 8 locations. We performed a sensitivity analysis to verify the dependence on rated discharge duration and its variation over the years. We determined the breakeven overnight installed cost below which energy arbitrage would be profitable. (AU) | |
| FAPESP's process: | 14/05261-0 - Integration of intermittent wind energy in power systems using battery energy storage systems |
| Grantee: | Mauricio Barbosa de Camargo Salles |
| Support Opportunities: | Scholarships abroad - Research |
| FAPESP's process: | 17/12257-7 - Advanced energy storage systems in electricity market: present and future challenges |
| Grantee: | Tainá Natal Gadotti |
| Support Opportunities: | Scholarships in Brazil - Scientific Initiation |