An assessment of European electricity arbitrage using storage systems

نویسندگان

چکیده

Electricity arbitrage involves the storage of energy at times when prices are low, and offering it on markets high. The development renewable technologies may provide a promising business opportunity for electricity arbitrage. In this regard, study analyses current viability (via Li-Ion batteries) using sample European countries in year 2019; where (day-ahead market) financial conditions show certain degree heterogeneity. We basically follow sequence three our study. Firstly, Linear Mixed-Integrated Programming model has been developed to optimize strategy each country sample. Secondly, cash-flows from optimization model, we calculate two indicators (Net Present Value (NPV) Internal Rate Return) order select optimal inverter size country. Tax discount rates specific have used with calculation second rate following methodology proposed by most national agencies. Thirdly, mixed linear regression is investigate importance observed unobserved heterogeneity (at level) explaining profitability. findings that, near future, attractive should be United Kingdom Ireland, NPV close −400,000 €, while Spain Portugal might worst performances, their −800,000 €.

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ژورنال

عنوان ژورنال: Energy

سال: 2022

ISSN: ['1873-6785', '0360-5442']

DOI: https://doi.org/10.1016/j.energy.2021.122916