Abstract :
[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.
Event name :
13th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion (MEDPOWER 2022)
Funding text :
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).
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