{"title":"Economics of utility-scale batteries in Romania under various market conditions","authors":"Simona-Vasilica Oprea, Adela Bâra","doi":"10.1016/j.jup.2025.101939","DOIUrl":null,"url":null,"abstract":"<div><div>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.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"95 ","pages":"Article 101939"},"PeriodicalIF":3.8000,"publicationDate":"2025-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Utilities Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0957178725000542","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
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.
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.