Balance responsibility; renewable energy sources; battery energy storage; balance responsible parties; imbalance settlement
Résumé :
[en] In the European energy market, every market participant has a balance responsibility. With the expiration of feed-in tariffs, renewables are also becoming balance responsible. Since renewables, such as wind and solar, have very variable and not entirely predictable output, their imbalance management is highly challenging. This paper investigates the possibility of their imbalance management by installing battery energy storage within the renewable facility. The proposed bidding and balancing model, applicable to any type of distributed energy resource, is simulated for deterministic prices from the year 2020 and for the stochastic solar production scenarios.
Centre de recherche :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations
Disciplines :
Sciences informatiques Sciences informatiques Gestion des systèmes d’information
Auteur, co-auteur :
Miljan, P.
Čović, N.
PAVIĆ, Ivan ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
Pandžić, H.
Co-auteurs externes :
yes
Langue du document :
Anglais
Titre :
Operational model of a RES plant coupled with battery storage considering the imbalance settlement
Titre original :
[en] Operational model of a RES plant coupled with battery storage considering the imbalance settlement
Date de publication/diffusion :
novembre 2022
Nom de la manifestation :
13th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion (MEDPOWER 2022)
Organisateur de la manifestation :
MEDPOWER
Lieu de la manifestation :
valletta, Malte
Date de la manifestation :
07.11.2022. - 09.11.2022
Numéro de la conférence :
13
Sur invitation :
Oui
Manifestation à portée :
International
Titre de l'ouvrage principal :
Operational Model of a RES Plant Coupled with Battery Storage Considering the Imbalance Settlement
This work was funded by the European Union through
the European Regional Development Fund Operational Programme
Competitiveness and Cohesion 2014-2020 of the
Republic of Croatia under project KK.01.1.1.04.0034 “Connected
Stationary Battery Energy Storage”. This work was also supported in part by the Croatian Science
Foundation under project Active NeIghborhoods energy
Markets pArTicipatION – ANIMATION (IP-2019-04-09164).
Clò, S., Fumagalli, E.: ‘The effect of price regulation on energy imbalances: A difference in differences design’, Energy economics, 2019, 81, pp. 754–764
Marneris, I.G., Ntomaris, A.V., Biskas, P.N., Bakirtzis, A.G. ‘Optimal participation of res aggregators in electricity markets under main imbalance pricing mechanisms’. In: 2021 International Conference on Smart Energy Systems and Technologies (SEST), 2021. pp. 1–6
Herre, L. ‘Impact of imbalance settlement system design on risk-averse energy storage’. In: 2020 17th International Conference on the European Energy Market (EEM), 2020. pp. 1–6
ENTSO-E. ‘Explanatory document to all TSOs’ proposal to further specify and harmonise imbalance settlement in accordance with Article 52(2) of Commission Regulation (EU) 2017/2195 of 23 November 2017, establishing a guideline on electricity balancing’. ENTSO-E, 2019.
Beus, M., Pavić, I., Štritof, I., Capuder, T., Pandžić, H.: ‘Electricity market design in croatia within the european electricity market—recommendations for further development’, Energies, 2018, 11, (2), pp. 346
Shivakumar, A., Dobbins, A., Fahl, U., Singh, A.: ‘Drivers of renewable energy deployment in the eu: An analysis of past trends and projections’, Energy Strategy Reviews, 2019, 26, pp. 100402
Melliger, M., Lilliestam, J.: ‘Effects of coordinating support policy changes on renewable power investor choices in europe’, Energy Policy, 2021, 148, pp. 111993
Banja, M., Jégard, M., Monforti.Ferrario, F., Dallemand, J.F., Taylor, N., Motola, V., et al.: ‘Renewables in the eu: the support framework towards a single energy market’, JRC Science for Policy Report JRC110415 European Union, 2017.
Council of European Energy Regulators. ‘Status review of renewable support schemes in europe for 2016 and 2017’. Council of European Energy Regulators Brussels, Belgium, 2018
Loukatou, A., Johnson, P., Howell, S., Duck, P.: ‘Optimal valuation of wind energy projects co-located with battery storage’, Applied Energy, 2021, 283, pp. 116247
Krpan, M., Kuzle, I.: ‘The mathematical model of a wind power plant and a gas power plant’, Journal of Energy: Energija, 2017, 66, (1-4), pp. 0–0
Delfanti, M., Falabretti, D., Merlo, M.: ‘Energy storage for pv power plant dispatching’, Renewable Energy, 2015, 80, pp. 61–72
Čović, N., Braeuer, F., McKenna, R., Pandžić, H.: ‘Optimal pv and battery investment of market-participating industry facilities’, IEEE Transactions on Power Systems, 2020, 36, (4), pp. 3441–3452
Pandžić, K., Pavić, I., Andročec, I., Pandžić, H.: ‘Optimal battery storage participation in european energy and reserves markets’, Energies, 2020, 13, (24), pp. 6629
Pandžić, K., Bruninx, K., Pandžić, H.: ‘Managing risks faced by strategic battery storage in joint energy-reserve markets’, IEEE Transactions on Power Systems, 2021, 36, (5), pp. 4355–4365
Pavić, I., Capuder, T., Kuzle, I.: ‘Generation scheduling in power systems with high penetration of renewable energy’, Journal of Energy: Energija, 2017, 66, (1-4), pp. 0–0
Pandžić, H., Bobanac, V.: ‘An accurate charging model of battery energy storage’, IEEE Transactions on Power Systems, 2019, 34, (2), pp. 1416–1426
