Economics of utility-scale batteries in Romania under various market conditions

IF 3.8 3区 经济学 Q3 ENERGY & FUELS
Simona-Vasilica Oprea, Adela Bâra
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引用次数: 0

Abstract

From grid stability and RES integration to backup and demand response, utility-scale batteries are becoming versatile assets. As technology continues to advance and costs continue to fall, their role is expected to expand. A battery of 7MW/14MWh is used to schedule its output and obtain the optimal market bidding scenario using Mixed Integer Linear Programming. Sensitivity analyses are carried out to check the financial viability of the asset. Romania's historical monthly average electricity prices in 2023 are considered to assess financial performance. The results showed that the payback period can be 3–7 years.
罗马尼亚公用事业规模电池在不同市场条件下的经济性
从电网稳定性和可再生能源集成到备用和需求响应,公用事业规模的电池正在成为多功能资产。随着技术的不断进步和成本的不断下降,它们的作用有望扩大。以7MW/14MWh电池为例,利用混合整数线性规划方法对其输出进行调度,得到最优的市场竞价方案。进行敏感性分析以检查资产的财务可行性。罗马尼亚2023年的历史月平均电价被视为评估财务业绩的指标。结果表明,投资回收期为3 ~ 7年。
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来源期刊
Utilities Policy
Utilities Policy ENERGY & FUELS-ENVIRONMENTAL SCIENCES
CiteScore
6.80
自引率
10.00%
发文量
94
审稿时长
66 days
期刊介绍: Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services. Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.
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