Keywords
electricity market
balancing market
How to Cite
Abstract
The article presents a simulation model for estimating the economic effect of the energy storage systems providing the balancing electricity to the Transmission System Operator in the balancing market segment. The model simulates the serial charge and discharge of storage (i.e., sequential provision of unloading and loading services). Peculiarities of considering the cost of purchase, installation, and maintenance of energy storage systems with reduction both to the guaranteed service life and the guaranteed resource of charge/discharge cycles are given. An example of the application of the simulation model for estimating the economic effect and payback period of energy storage systems in the provision of electricity balancing services in the balancing market segment is shown. Ref. 15.
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