Optimized Market Bidding of Energy Storage Systems for Dynamic Containment Service

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dc.contributor.authorOchoa-Eguilegor, L.
dc.contributor.authorGoitia-Zabaleta, N.
dc.contributor.authorGonzález-Garrido, A.
dc.contributor.authorSaez-De-Ibarra, A.
dc.contributor.authorGaztañaga, H.
dc.contributor.authorHernandez, Araceli
dc.contributor.editorLeonowicz, Zbigniew M.
dc.contributor.institutionPOWER SYSTEMS
dc.date.accessioned2024-07-24T11:51:53Z
dc.date.available2024-07-24T11:51:53Z
dc.date.issued2021
dc.descriptionPublisher Copyright: © 2021 IEEE
dc.description.abstractIn a near future, the deployment of renewable energy sources will lead to an increasing need for faster and more reliable auxiliary services. This paper evaluates the participation of the energy storage systems in the Dynamic Containment service recently launched in Great Britain. Moreover, a market bidding strategy to manage the state of charge of the battery has been developed in which the Intraday Continuous Market purchase transactions are optimized. Additionally, the lifetime is estimated through an aging model based on Rainflow cycling counting algorithm and Wöhler curves. A techno-economic analysis is conducted to demonstrate the technical capability and reliable performance of the energy storage system. Finally, the main financial indicators are presented for the considered case study, which states the potential profitability for this recent business model.en
dc.description.statusPeer reviewed
dc.identifier.citationOchoa-Eguilegor , L , Goitia-Zabaleta , N , González-Garrido , A , Saez-De-Ibarra , A , Gaztañaga , H & Hernandez , A 2021 , Optimized Market Bidding of Energy Storage Systems for Dynamic Containment Service . in Z M Leonowicz (ed.) , 21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings . 21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings , Institute of Electrical and Electronics Engineers Inc. , 21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 , Bari , Italy , 7/09/21 . https://doi.org/10.1109/EEEIC/ICPSEurope51590.2021.9584713
dc.identifier.citationconference
dc.identifier.doi10.1109/EEEIC/ICPSEurope51590.2021.9584713
dc.identifier.isbn9781665436120
dc.identifier.urihttps://hdl.handle.net/11556/2129
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85126482536&partnerID=8YFLogxK
dc.language.isoeng
dc.publisherInstitute of Electrical and Electronics Engineers Inc.
dc.relation.ispartof21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings
dc.relation.ispartofseries21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings
dc.rightsinfo:eu-repo/semantics/restrictedAccess
dc.subject.keywordsdynamic containment
dc.subject.keywordselectricity market
dc.subject.keywordsenergy management
dc.subject.keywordsenergy storage
dc.subject.keywordsArtificial Intelligence
dc.subject.keywordsEnergy Engineering and Power Technology
dc.subject.keywordsRenewable Energy, Sustainability and the Environment
dc.subject.keywordsElectrical and Electronic Engineering
dc.subject.keywordsIndustrial and Manufacturing Engineering
dc.subject.keywordsEnvironmental Engineering
dc.subject.keywordsControl and Optimization
dc.subject.keywordsSDG 7 - Affordable and Clean Energy
dc.titleOptimized Market Bidding of Energy Storage Systems for Dynamic Containment Serviceen
dc.typeconference output
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