Reducing energy system model distortions from unintended storage cycling through variable costs

Parzen, Maximilian; Kittel, Martin; Friedrich, Daniel; Kiprakis, Aristides

doi:10.1016/j.isci.2022.105729

Cited by 2 publications

(1 citation statement)

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“…Two strategies are deployed to avoid simultaneous charging and discharging, including artificial costs for charging and discharging (C ch b and C dh b ($/MWh), respectively) as well as charging and discharging efficiencies of different values. At the same time, in energy cost minimization problems, tuning these cost parameters to a relatively small value, e. g., 1 $/MWh, has minimal impact on optimality [33] with current retail and wholesale energy market prices. The CB will not be dispatched with energy prices λ WS t Î(-1,1)$/MWh, as CB operational costs will be higher than revenues from energy market participation.…”

Section: B Architecture-agnostic Objective and Cost Functionmentioning

confidence: 99%

Co-optimization of Behind-the-meter and Front-of-meter Value Streams in Community Batteries

Bas Domenech,

Maria De Corato,

Mancarella

2024

Journal of Modern Power Systems and Clean Energy

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Community batteries (CBs) are emerging to support and even enable energy communities and generally help consumers, especially space-constrained ones, to access potential techno-economic benefits from storage and support local grid decarbonization. However, the economic viability of CB projects is often uncertain. In this regard, typical feasibility studies assess CB value for behind-the-meter (BTM) operation or wholesale market participation, i.e., front-of-meter (FOM). This work proposes a novel techno-economic operational framework that allows systematic assessment of the different options and introduces a two-meter architecture that co-optimizes both BTM and FOM benefits. A real CB project application in Australia is used to demonstrate the significant two-meter co-optimization opportunities that could enhance the business case of CB and energy communities by multi-service provision and value stacking.

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Section: B Architecture-agnostic Objective and Cost Functionmentioning

confidence: 99%