Energy arbitrage of hydrogen-bromine flow battery between the day-Ahead and imbalance electricity markets considering price uncertainty

Yaser Tohidi, Madeleine Gibescu, Wiebrand Kout

Onderzoeksoutput: Hoofdstuk in Boek/Rapport/CongresprocedureConferentiebijdrageAcademicpeer review

3 Citaten (Scopus)

Samenvatting

In this paper, a stochastic model is presented to investigate arbitrage between the day-Ahead market (DAM) and the imbalance market (IM) for electricity considering uncertainty of prices. The revenue of arbitrage is calculated for a type of flow batteries, namely Hydrogen-Bromine (HBr) batteries. In order to model uncertainty, scenarios are generated by analyzing the real electricity prices. The required number of scenarios is determined through an iterative algorithm that adds scenarios in each iteration until the normalized change in revenue is less than the predefined value. The simulation is done based on the Dutch DAM and IM electricity prices and revenues are calculated for HBr batteries with different parameters. Also, the investment cost, operation cost, and the connection cost are compared with the calculated revenues and an estimation of the gained profit is reported.

Originele taal-2Engels
Titel2018 IEEE International Energy Conference, ENERGYCON 2018
Plaats van productiePIscataway
UitgeverijInstitute of Electrical and Electronics Engineers
Aantal pagina's6
ISBN van elektronische versie978-1-5386-3669-5
DOI's
StatusGepubliceerd - 27 jun 2018
Evenement2018 IEEE International Energy Conference, EnergyCon 2018 - Limassol, Cyprus
Duur: 3 jun 20187 jun 2018
http://www.energycon2018.org/

Congres

Congres2018 IEEE International Energy Conference, EnergyCon 2018
Verkorte titelEnergycon 2018
Land/RegioCyprus
StadLimassol
Periode3/06/187/06/18
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