Participation of Battery Energy Storage System in the German energy market
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Keywords
Battery Energy Storage System ; Primary control reserve ; Frequency control reserve ; German energy market ; Ancillary servicesAbstract
The increasing generation capacity of renewable energy sources poses new challenges to the electrical power systems due to their volatile and intermittent injection. The progress in battery energy storage systems aims to guarantee the stability of the energy power systems by contributing to the provision ancillary services.
In this thesis, we examine the participation of battery energy storage systems in the German Primary Control Response market. At first, the importance of the integration of Battery Energy Storage Systems in the power grids is highlighted, whereas in the next chapter the available balancing services in the European energy markets are presented. In Chapter 4, the German power system and regulatory framework in balancing markets are presented whereas Chapter 5 focuses on the case study of our thesis. The operation, the aging model, the different bidding strategies are shown and the impact of availability and PCR price evolution on revenues is analyzed in order to assess the economic feasibility of such investments.
Postgraduate Studies Programme
Ενέργεια: Στρατηγική, Δίκαιο & ΟικονομίαDepartment
Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Διεθνών και Ευρωπαϊκών ΣπουδώνNumber of pages
49Language
EnglishCollections
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Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα