Economic Evaluation of Frequency Reserve Provision using Battery Energy Storage

Alessandro Filippa; Seyedmostafa Hashemi; Chresten Traholt

doi:10.1109/repe48501.2019.9025133

Economic Evaluation of Frequency Reserve Provision using Battery Energy Storage

Alessandro Filippa, Seyedmostafa Hashemi, Chresten Traholt

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

The integration of battery energy storage systems (BESSs) into electric power grids is increasing, and frequency reserve provision is one of the most economic services suggested for these units. This paper investigates the economic benefit of providing Frequency-Controlled Normal operation Reserve (FCR-N) using a BESS under Eastern Denmark’s (DK2) regulations. The main influencing factors, including the legal framework, energy tariffs and taxation, and battery degradation, are investigated, and the one-year operation of a 1MW/1MWh BESS providing FCR-N is simulated using second-based frequency data. Simulations show that provision of FCR-N using BESS is economic in certain future scenarios.

Original language	English
Title of host publication	Proceedings of 2019 IEEE 2nd International Conference on Renewable Energy and Power Engineering
Publisher	IEEE
Publication date	2019
Pages	160-5
ISBN (Print)	9781728145624
DOIs	https://doi.org/10.1109/repe48501.2019.9025133
Publication status	Published - 2019

Keywords

Battery energy storage systems
Frequency reserve
Frequency regulation
Economic evaluation
Nord Pool

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10.1109/repe48501.2019.9025133

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BOSS: Bornholm Smartgrid Secured- by grid connected battery systems
Toghroljerdi, S. H. (PI), Træholt, C. (Project Participant), Østergaard, J. (Project Participant), Frost, F. (Project Participant), Andersen, P. B. (Project Participant), Klintström, M. (Project Participant), Jakobsen, P. M. (Project Participant), Sørensen, T. M. (Project Participant), Jensen, M. B. (Project Participant), Jensen, R. H. (Project Participant), Due, A. (Other), Rabjerg, M. F. (Other), Hameed, Z. (PhD Student), Kharlamova, N. (PhD Student) & Zhao, C. (PhD Student)
01/03/2019 → 31/12/2022
Project: Research

Cite this

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title = "Economic Evaluation of Frequency Reserve Provision using Battery Energy Storage",

abstract = "The integration of battery energy storage systems (BESSs) into electric power grids is increasing, and frequency reserve provision is one of the most economic services suggested for these units. This paper investigates the economic benefit of providing Frequency-Controlled Normal operation Reserve (FCR-N) using a BESS under Eastern Denmark{\textquoteright}s (DK2) regulations. The main influencing factors, including the legal framework, energy tariffs and taxation, and battery degradation, are investigated, and the one-year operation of a 1MW/1MWh BESS providing FCR-N is simulated using second-based frequency data. Simulations show that provision of FCR-N using BESS is economic in certain future scenarios.",

keywords = "Battery energy storage systems, Frequency reserve, Frequency regulation, Economic evaluation, Nord Pool",

author = "Alessandro Filippa and Seyedmostafa Hashemi and Chresten Traholt",

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Economic Evaluation of Frequency Reserve Provision using Battery Energy Storage. / Filippa, Alessandro; Hashemi, Seyedmostafa; Traholt, Chresten.
Proceedings of 2019 IEEE 2nd International Conference on Renewable Energy and Power Engineering. IEEE, 2019. p. 160-5.

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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AB - The integration of battery energy storage systems (BESSs) into electric power grids is increasing, and frequency reserve provision is one of the most economic services suggested for these units. This paper investigates the economic benefit of providing Frequency-Controlled Normal operation Reserve (FCR-N) using a BESS under Eastern Denmark’s (DK2) regulations. The main influencing factors, including the legal framework, energy tariffs and taxation, and battery degradation, are investigated, and the one-year operation of a 1MW/1MWh BESS providing FCR-N is simulated using second-based frequency data. Simulations show that provision of FCR-N using BESS is economic in certain future scenarios.

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KW - Frequency reserve

KW - Frequency regulation

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KW - Nord Pool

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Economic Evaluation of Frequency Reserve Provision using Battery Energy Storage

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Keywords

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BOSS: Bornholm Smartgrid Secured- by grid connected battery systems

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