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Tytuł pozycji:

Potential revenue and breakeven of energy storage systems in PJM energy markets.

Tytuł:
Potential revenue and breakeven of energy storage systems in PJM energy markets.
Autorzy:
Salles MBC; Laboratory of Advanced Electric Grids - LGrid, Polytechnic School, University of São Paulo - USP, São Paulo, Brazil. .
Gadotti TN; Laboratory of Advanced Electric Grids - LGrid, Polytechnic School, University of São Paulo - USP, São Paulo, Brazil.
Aziz MJ; John A. Paulson School of Engineering and Applied Sciences, Harvard University, Cambridge, USA.
Hogan WW; John F. Kennedy School of Government, Harvard University, Cambridge, USA.
Źródło:
Environmental science and pollution research international [Environ Sci Pollut Res Int] 2021 Mar; Vol. 28 (10), pp. 12357-12368. Date of Electronic Publication: 2018 Oct 30.
Typ publikacji:
Journal Article
Język:
English
Imprint Name(s):
Publication: <2013->: Berlin : Springer
Original Publication: Landsberg, Germany : Ecomed
MeSH Terms:
Electric Power Supplies*
Electricity*
References:
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Contributed Indexing:
Keywords: Breakeven; Electricity markets; Energy arbitrage; Energy storage; Flow battery; Real-time market
Entry Date(s):
Date Created: 20181101 Date Completed: 20210304 Latest Revision: 20210304
Update Code:
20240104
DOI:
10.1007/s11356-018-3395-y
PMID:
30377974
Czasopismo naukowe
The operation in energy arbitrage markets is an attractive possibility to energy storage systems developers and owners to justify an investment in this sector. The size and the point of connection to the grid can have significant impact on the net revenue in transmission and distribution systems. The decision to install an energy storage system cannot be based only on the cost of the equipment but also in its potential revenue, operation costs, and depreciation through its life cycle. This paper illustrates the potential revenue of a generic energy storage system with 70% round trip efficiency and 1-14 h energy/power ratio, considering a price-taking dispatch. The breakeven overnight installed cost is also calculated to provide the cost below which energy arbitrage would have been profitable for a flow battery. The analysis of the potential revenue was performed for 13 locations within the PJM Real-time market. We considered hourly data of day-ahead and real-time locational marginal prices over 7 years (2008-2014). Breakeven installed cost per MW ranged from $30 (1 MW, 14 MWh, 2009) to $340 (1 MW, 1 MWh, 2008).
Erratum in: Environ Sci Pollut Res Int. 2019 Jan 23;:. (PMID: 30673944)

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