Conference paper
Operation of Battery Storage in Hybrid Power Plant in Australian Electricity Market
There is an increased interest for combining different generation sources into hybrid power plants for better utilization of grid infrastructure and allowing increased penetration of renewables around the world. Most of these hybrid power plants include some kind of storage such as battery storage. This enhances the possibility of energy arbitrage with the use of storage in the hybrid power plant.
This paper performs a preliminary analysis of potential of storage for energy arbitrage in Australian electricity market which can be more characterized as real-time market. Feasibility analysis of storage is performed through calculation of net present value using a model predictive control based battery optimization methodology.
Through different case studies, preliminary assessment suggests that battery storage can be a feasible option for energy arbitrage in Queensland electricity market.
Language: | English |
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Publisher: | Institution of Engineering and Technology |
Year: | 2021 |
Pages: | 349-354 |
Proceedings: | 9<sup>th</sup> International Conference on Renewable Power Generation |
ISBN: | 1839534303 , 1839535040 , 9781839534300 and 9781839535048 |
Types: | Conference paper |
DOI: | 10.1049/icp.2021.1345 |
ORCIDs: | Das, K. and Sørensen, P. |
Australian electricity market Queensland electricity market battery optimization method battery storage plants battery storage power plant grid infrastructure hybrid power plant hybrid power systems model predictive control power generation control power generation economics power grids power markets predictive control renewable energy