A4 Conference proceedings

Feasibility Studies of End-Customer's Local Energy Storage on Balancing Power Market

Open Access publication

Publication Details
Authors: Belonogova Nadezda, Haakana Juha, Tikka Ville, Lassila Jukka, Partanen Jarmo
Publication year: 2016
Language: English
Related Journal or Series Information: International conference on electricity distribution workshop
Title of parent publication: CIRED Workshop 2016
Start page: 1
End page: 4
ISBN: 978-1-78561-202-2
JUFO-Level of this publication: 0
Open Access: Open Access publication

The objective of the paper is to develop an algorithm to estimate the profitability of energy storage operation in the balancing power market. The main reasons for this study are the fast growth of the PV battery market in the residential sector in the coming years and, at the same time, challenges related to the integration of huge amounts of renewables into the grid. The paper focuses on a single residential customer's battery storage operation. It shows that using the storage for the local services such as peak shaving, maximization of selfconsumption using PV modules and operation on the spot price arbitrage turns out to be too expensive because the storage is then underutilized. The results show that the operation of a battery unit in the balancing power market as part of a virtual power plant not only delivers high profits but also ensures the profitability of the battery operation also for the local primary applications.

Last updated on 2018-19-10 at 08:49