Barbour, E., Wilson, I.A.G. orcid.org/0000-0003-4083-597X, Hall, P. et al. (1 more author) (2014) Can negative electricity prices encourage inefficient electrical energy storage devices? International Journal of Environmental Studies, 71 (6). pp. 862-876. ISSN 0020-7233
Abstract
This paper explores whether negative electricity prices can change the rationale that efficient energy storage devices are more economical for arbitrage in electricity markets. An established model algorithm to determine the maximum available arbitrage revenue and optimum schedule of electrical energy storage (EES) operation is used to simulate storage with a time-series of electricity prices which includes some negative prices. Our results suggest that at any likely frequency of negative electricity prices, inefficient EES is not encouraged, and can only be encouraged for EES devices with very low energy capacity to power ratios.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2014 The Author(s). Published by Taylor & Francis. This is an Open Access article distributed under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/3.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. The moral rights of the named author(s) have been asserted. |
Keywords: | Energy storage; Negative electricity prices |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Chemical and Biological Engineering (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 15 Feb 2018 12:51 |
Last Modified: | 15 Feb 2018 12:51 |
Published Version: | https://doi.org/10.1080/00207233.2014.966968 |
Status: | Published |
Publisher: | Taylor & Francis (Routledge) |
Refereed: | Yes |
Identification Number: | 10.1080/00207233.2014.966968 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:127338 |