Can negative electricity prices encourage inefficient electrical energy storage devices?

Edward Barbour, Grant Wilson, Peter Hall, Jonathan Radcliffe

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)
387 Downloads (Pure)

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.
Original languageEnglish
Pages (from-to)862-876
JournalInternational Journal of Environmental Studies
Volume71
Issue number6
Early online date30 Oct 2014
DOIs
Publication statusPublished - 2014

Keywords

  • Energy storage
  • Negative electricity prices

Fingerprint

Dive into the research topics of 'Can negative electricity prices encourage inefficient electrical energy storage devices?'. Together they form a unique fingerprint.

Cite this