Use of battery storage systems for price arbitrage operations in the 15-and 60-min German intraday markets

• Type: Article in International Scientific Journal
• Date: 2018-07

Authors

João Tomé Saraiva (Author) FEUP; Dennis Metz (Author) Other

Journal

Title: Electric Power Systems Research

Vol. 160

Pages: 27-36

ISSN: 0378-7796

Publisher: Elsevier

Indexing

ISI Proceedings

ISI Web of Knowledge - 13 Citations

ISI Web of Science

Scopus - 26 Citations

INSPEC

Scientific classification

CORDIS: Technological sciences > Engineering > Electrical engineering

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

Other information

Authenticus ID: P-00N-KYR

DOI: 10.1016/j.epsr.2018.01.020

Abstract (EN): Over the last few years, electrical storage and especially battery systems have seen a strong rise in interest. In several countries, as for instance in Germany, lithium-ion batteries are now commonly deployed in end-consumer installations to shift local generation from photovoltaic systems in time. A further application for storage is price arbitrage, which corresponds to an operation strategy benefitting from price differentials. In this work, we describe a Mixed Integer Problem to optimize the storage dispatch considering both the 15- and the 60-min auctions in use in Germany. Furthermore, in addition to the calendric lifetime, the limitation to a certain number of cycles is considered in the evaluation. Last, it was conducted a sensitivity analysis to identify the price volatility level that is required to generate a profit from arbitrage operations. Therefore, a market price process with adjustable parameters has been implemented.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 10