Potential Arbitrage Revenue of Energy Storage Systems in PJM during 2014

被引：15
|
作者：
Salles, M. B. C. [1 ]
Aziz, M. J. [2 ]
Hogan, W. W. [3 ]
机构：
[1] Univ Sao Paulo, Polytech Sch, Sao Paulo, Brazil
[2] Harvard Univ, John A Paulson Sch Engn & Appl Sci, Cambridge, MA 02138 USA
[3] Harvard Univ, Kennedy Sch, Cambridge, MA 02138 USA
来源：
2016 IEEE POWER AND ENERGY SOCIETY GENERAL MEETING (PESGM) | 2016年
基金：
巴西圣保罗研究基金会;
关键词：
Arbitrage; electricity market; energy storage; linear optimization; power system economics; real-time price; MARKET;
D O I：
10.1109/PESGM.2016.7741114
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
The price of electricity in the Mid-Atlantic (PJM) region of the United States increased during the "Polar Vortex" at the beginning of 2014. Transmission lines were congested because of high demand during the extreme cold weather. The natural gas price for electricity generation increased more than 35% at the end of 2013. Energy Storage Systems (ESS) would have helped the system to overcome many difficulties during that period. Other opportunities in energy arbitrage define the greatest scale for storage applications. Real-time and Day-ahead markets in PJM provide alternative arbitrage opportunities. Considering the prices in 2014 for 7,395 locations in PJM, results show the potential revenue for ESS for normal arbitrage and for extreme cold weather events.
引用
收藏
页数：5
相关论文
共 50 条
  • [41] Analysis of controls for integrated energy storage system in energy arbitrage configuration with concrete thermal energy storage
    Mikkelson, Daniel
    Frick, Konor
    [J]. APPLIED ENERGY, 2022, 313
  • [42] Economics of electric energy storage for energy arbitrage and regulation in New York
    Walawalkar, Rahul
    Apt, Jay
    Mancini, Rick
    [J]. ENERGY POLICY, 2007, 35 (04) : 2558 - 2568
  • [43] Battery energy storage system for primary control reserve and energy arbitrage
    Brivio, Claudio
    Mandelli, Stefano
    Merlo, Marco
    [J]. SUSTAINABLE ENERGY GRIDS & NETWORKS, 2016, 6 : 152 - 165
  • [44] An assessment of European electricity arbitrage using storage systems
    Nunez, Fernando
    Canca, David
    Arcos-Vargas, Angel
    [J]. ENERGY, 2022, 242
  • [45] Potential Impact of Solar Energy Penetration on PJM Electricity Market
    Lin, Jeremy
    [J]. IEEE SYSTEMS JOURNAL, 2012, 6 (02): : 205 - 212
  • [46] Energy arbitrage in PV-PHS systems
    Dufo-López, Rodolfo
    Lujano-Rojas, Juan M.
    Bernal-Agustín, José L.
    Artal-Sevil, Jesús S.
    Bayod-Rújula, Ángel A.
    [J]. Renewable Energy and Power Quality Journal, 2023, 21 : 7 - 12
  • [47] Impact of Local Transmission Congestion on Energy Storage Arbitrage Opportunities
    Wang, Yishen
    Dvorkin, Yury
    Fernandez-Blanco, Ricardo
    Xu, Bolun
    Kirschen, Daniel S.
    [J]. 2017 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, 2017,
  • [48] Sensitivity to Forecast Errors in Energy Storage Arbitrage for Residential Consumers
    Kiedanski, Diego
    Hashmi, Md Umar
    Busic, Ana
    Kofman, Daniel
    [J]. 2019 IEEE INTERNATIONAL CONFERENCE ON COMMUNICATIONS, CONTROL, AND COMPUTING TECHNOLOGIES FOR SMART GRIDS (SMARTGRIDCOMM), 2019,
  • [49] Price arbitrage using variable-efficiency energy storage
    Flamm, Benjamin
    Eichler, Annika
    Smith, Roy S.
    Lygeros, John
    [J]. CLIMATE RESILIENT CITIES - ENERGY EFFICIENCY & RENEWABLES IN THE DIGITAL ERA (CISBAT 2019), 2019, 1343
  • [50] An Efficient Decomposition Method for Bilevel Energy Storage Arbitrage Problem
    Wu, Danman
    Qi, Tengyun
    Wei, Wei
    Liu, Jianping
    Chen, Laijun
    Mei, Shengwei
    [J]. CSEE JOURNAL OF POWER AND ENERGY SYSTEMS, 2022, 8 (02): : 652 - 658
12345