dc.contributor.author | HE, Xian | |
dc.contributor.author | ZACHMANN, Georg | |
dc.date.accessioned | 2010-01-18T16:22:12Z | |
dc.date.available | 2010-01-18T16:22:12Z | |
dc.date.issued | 2010 | |
dc.identifier.issn | 1028-3625 | |
dc.identifier.uri | https://hdl.handle.net/1814/13080 | |
dc.description.abstract | The creation of competitive wholesale electricity markets allows to evaluate the “arbitrage value” of
an electricity storage unit, which stems from buying and storing electricity when prices are low, and
selling it when prices are high. The focus of this paper is to demonstrate that the arbitrage value can be
highly sensitive with respect to the dimensioning of an electricity storage unit. A simulation model is
explored to calculate the arbitrage value of different storage units by finding the optimal hourly
operating strategy during one-year period. The results of simulation show that optimizing the
dimensioning of a storage unit is as important as choosing the fittest technology. Furthermore we
provide evidence that the optimal set-up of a storage unit can adapt to exogenous factors such as grid
tariff and local electricity price characteristics. These findings suggest that the maximisation of market
value of electricity storage should be based on the optimisation of the dimensioning of the storage unit
in specific economic and regulatory environment. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | EUI RSCAS | en |
dc.relation.ispartofseries | 2010/02 | en |
dc.relation.ispartofseries | Loyola de Palacio Programme on Energy Policy | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | Electricity storage | en |
dc.subject | arbitrage value | en |
dc.subject | regulation | en |
dc.title | Catching the maximum market value of electricity storage – technical, economic and regulatory aspect | en |
dc.type | Working Paper | en |
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