Forecast Error Sensitivity Analysis for Bidding in Electricity Markets with a Hybrid Renewable Plant Using a Battery Energy Storage System
dc.contributor.author | Martinez Rico, Jon | |
dc.contributor.author | Zulueta Guerrero, Ekaitz | |
dc.contributor.author | Fernández Gámiz, Unai | |
dc.contributor.author | Ruiz de Argandoña, Ismael | |
dc.contributor.author | Armendia, Mikel | |
dc.date.accessioned | 2020-05-19T19:57:45Z | |
dc.date.available | 2020-05-19T19:57:45Z | |
dc.date.issued | 2020-04-28 | |
dc.identifier.citation | Sustainability 12(9) : (2020) // Article ID 3577 | es_ES |
dc.identifier.issn | 2071-1050 | |
dc.identifier.uri | http://hdl.handle.net/10810/43290 | |
dc.description.abstract | Deep integration of renewable energies into the electricity grid is restricted by the problems related to their intermittent and uncertain nature. These problems affect both system operators and renewable power plant owners since, due to the electricity market rules, plants need to report their production some hours in advance and are, hence, exposed to possible penalties associated with unfulfillment of energy production. In this context, energy storage systems appear as a promising solution to reduce the stochastic nature of renewable sources. Furthermore, batteries can also be used for performing energy arbitrage, which consists in shifting energy and selling it at higher price hours. In this paper, a bidding optimization algorithm is used for enhancing profitability and minimizing the battery loss of value. The algorithm considers the participation in both day-ahead and intraday markets, and a sensitivity analysis is conducted to check the profitability variation related to prediction uncertainty. The obtained results highlight the importance of bidding in intraday markets to compensate the prediction errors and show that, for the Iberian Electricity Market, the uncertainty does not significantly affect the final benefits. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | MDPI | es_ES |
dc.rights | info:eu-repo/semantics/openAccess | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/es/ | |
dc.subject | battery energy storage system | es_ES |
dc.subject | energy arbitrage | es_ES |
dc.subject | hybrid renewable energy system | es_ES |
dc.subject | particle swarm optimization | es_ES |
dc.subject | heuristic optimization | es_ES |
dc.subject | state of health | es_ES |
dc.subject | sensitivity analysis | es_ES |
dc.subject | forecast error | es_ES |
dc.title | Forecast Error Sensitivity Analysis for Bidding in Electricity Markets with a Hybrid Renewable Plant Using a Battery Energy Storage System | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.date.updated | 2020-05-14T13:56:38Z | |
dc.rights.holder | 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). | es_ES |
dc.relation.publisherversion | https://www.mdpi.com/2071-1050/12/9/3577 | es_ES |
dc.identifier.doi | 10.3390/su12093577 | |
dc.departamentoes | Ingeniería de sistemas y automática | |
dc.departamentoeu | Sistemen ingeniaritza eta automatika |
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Except where otherwise noted, this item's license is described as 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).