Muhammad Zubair, Mateus L. de Sousa, Maurício B. C. Salles
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引用次数: 0
Abstract
This study investigates the economic feasibility of Energy Storage Systems (ESS) in volatile market nodes within the Midcontinent Independent System Operator (MISO). As MISO transitions from a coal-dominant energy mix to a more diverse composition of natural gas and renewables, new arbitrage opportunities for ESS emerge, particularly at nodes like ALTW.SPRVAUN1 and NSP.FRENCH3. Utilizing a linear optimization model with perfect price forecasting, the study estimates the potential arbitrage revenues from these nodes from 2008 to 2014 and then from 2020 to 2022. The sensitivity analysis indicates that current market conditions do not favour immediate profitability for ESS due to high relative battery costs. However, projections up to 2030 reveal a potential shift. With battery costs expected to decrease and electricity price volatility likely to increase due to the growing presence of renewables, the future profitability of ESS appears promising. This is particularly evident in the breakeven analysis, which predicts that NSP.FRENCH3 might reach financial viability before 2030, with ALTW.SPRVAUN1 closely following. Conclusively, the study emphasizes the need for ESS operators to adopt flexible strategies, considering long-term market evolutions. The ongoing shift towards renewable energies in the MISO market suggests an advantageous future for ESS, especially in capitalizing on the forecasted market volatility.
期刊介绍：
IET Renewable Power Generation (RPG) brings together the topics of renewable energy technology, power generation and systems integration, with techno-economic issues. All renewable energy generation technologies are within the scope of the journal.
Specific technology areas covered by the journal include:
Wind power technology and systems
Photovoltaics
Solar thermal power generation
Geothermal energy
Fuel cells
Wave power
Marine current energy
Biomass conversion and power generation
What differentiates RPG from technology specific journals is a concern with power generation and how the characteristics of the different renewable sources affect electrical power conversion, including power electronic design, integration in to power systems, and techno-economic issues. Other technologies that have a direct role in sustainable power generation such as fuel cells and energy storage are also covered, as are system control approaches such as demand side management, which facilitate the integration of renewable sources into power systems, both large and small.
The journal provides a forum for the presentation of new research, development and applications of renewable power generation. Demonstrations and experimentally based research are particularly valued, and modelling studies should as far as possible be validated so as to give confidence that the models are representative of real-world behavior. Research that explores issues where the characteristics of the renewable energy source and their control impact on the power conversion is welcome. Papers covering the wider areas of power system control and operation, including scheduling and protection that are central to the challenge of renewable power integration are particularly encouraged.
The journal is technology focused covering design, demonstration, modelling and analysis, but papers covering techno-economic issues are also of interest. Papers presenting new modelling and theory are welcome but this must be relevant to real power systems and power generation. Most papers are expected to include significant novelty of approach or application that has general applicability, and where appropriate include experimental results. Critical reviews of relevant topics are also invited and these would be expected to be comprehensive and fully referenced.
Current Special Issue. Call for papers:
Power Quality and Protection in Renewable Energy Systems and Microgrids - https://digital-library.theiet.org/files/IET_RPG_CFP_PQPRESM.pdf
Energy and Rail/Road Transportation Integrated Development - https://digital-library.theiet.org/files/IET_RPG_CFP_ERTID.pdf
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