Flexible storage operation in a market environment

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Title: Flexible storage operation in a market environment
Authors: O'Dwyer, Ciara
Flynn, Damian
Permanent link: http://hdl.handle.net/10197/8087
Date: 13-Nov-2014
Abstract: Future power systems with high penetrations of variable renewables will require increased levels of flexibility from generation and demand-side sources in order to maintain secure and stable operations. One potential source of increased flexibility is large-scale energy storage, which can provide a variety of ancillary services across multiple timescales. In order for adequate investment to take place, it is essential that the correct market signals are present which encourage suitable levels of flexibility, either from storage or alternative sources. This paper explores the changes required in operational practices for storage plant at different levels of installed wind capacity, and the challenges that private storage plant operators will face in generating appropriate bids in a market environment at high penetrations of variable renewables. The impacts on system generating costs are explored under different operating assumptions.
Funding Details: Science Foundation Ireland
Type of material: Conference Publication
Publisher: EnergynauticsGmbH
Keywords: Renewable energyStorage plantsEnergy costsPower systems
Other versions: http://windintegrationworkshop.org/vienna2016/old_proceedings/
http://www.windintegrationworkshop.org/berlin2014/
Language: en
Status of Item: Peer reviewed
Is part of: Betancourt, U. and Ackerman, T. Proceedings of the 13th International Workshop on Large-Scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants, Berlin, Germany, 11-13 November 2014
Conference Details: 13th International Workshop on Large-Scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants, Berlin, Germany, 11-13 November 2014
ISBN: 9783981387094
Appears in Collections:ERC Research Collection
Electrical and Electronic Engineering Research Collection

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