Naslov
Enhancing the market position of renewable energy company utilizing battery systems

Autori
Rajšl, Ivan ; Ćurić, Iljko ; Sabolić, Dubravko

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Skup
10th International Conference on Renewable Electrical Power Sources

Mjesto i datum
Beograd, Srbija, 17.10.2022. - 18.10.2022

Vrsta sudjelovanja
Plenarno

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Flexible support, renewable electric energy sources, battery systems, PLEXOS, LCOE, electricity market

Sažetak
Renewable energy sources, especially wind and solar power plants, have achieved a significant level of penetration in the electricity sector. The reason for this is primarily the reduction of commission costs of these power plants, which made them competitive in the electricity market. An increasing number of renewable energy power plants are leaving the incentive system and exposed to electricity market prices. Since the nature of production from these power plants is quite variable, a particular problem is to adequately predict the future level of production in order to reduce the cost of balancing the system. In recent times, the prices of battery systems have been falling significantly, and at the same time, the technology of manufacturing battery systems is improving. Thus, in recent times, the possibility of the combined operation of renewable energy power plants and battery systems is opening up. In doing so, batteries can help balance the deviations between the planned and actual production of these power plants on the day-ahead market. Battery systems can also provide additional market opportunities to owners of renewable power plants. Thus, for example, it opens up the possibility of participating in the ancillary services markets, such as the secondary reserve. In addition, batteries can provide price arbitrage in the electricity market, thus increasing profits. The paper will examine the potential of using battery systems to improve the market position of renewable energy plant owners.

Izvorni jezik
Engleski

Znanstvena područja
Elektrotehnika, Ekonomija

POVEZANOST RADA