2023
Autores
Santos, P; Rezende, I; Soares, T; Miranda, V;
Publicação
2023 19TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET, EEM
Abstract
The rising potential for battery energy storage systems (BESS) to generate revenue in a market environment is addressed in this work, where a tool based on neural network predictions is proposed. The tool's main objective is predicting, based on historical data, the most lucrative out of three established bidding approaches for the participation of a BESS in the day-ahead energy market and thus aid the strategic bidding process of the BESS operator. Each of these bidding strategies reflects BESS's operator approach concerning bidding frequency and the tolerated risk of loss of profit from having its bids rejected, leading to the development of a conservative (strategy A), an aggressive (strategy B), and a moderate strategy (strategy C). A case study was then used to test the tool for a full year allowing to ascertain the assertiveness of this tool in predicting the best strategy, which for this case was above 88%.
2023
Autores
Agrela, J; Rezende, I; Soares, T; Gouveia, C; Silva, R; Villar, J;
Publicação
2023 19TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET, EEM
Abstract
This work presents an approach to the flexibility of energy consumption in Renewable Energy Communities (RECs). A two-stage model for quantifying the flexibility provided by the domestic energy resources operation and its negotiation in a market platform is proposed. In stage 1, the optimal consumption of each prosumer is determined, as well as the respective technical flexibility of their resources, namely the maximum and minimum resource operation limits. In stage 2, this technical flexibility is offered in a local flexibility-only market structure, in which both the DSO and the prosumers can present their flexibility needs and requirements. The flexibility selling and buying bids of the prosumers participating in the market are priced based on their base tariff, which is the energy cost of the prosumers corresponding to their optimal schedule of the first stage when no flexibility is provided. Therefore, providing flexibility is an incentive to reduce their energy bill or increase their utility, encouraging their participation in the local flexibility market.
2023
Autores
Rodrigues, LM; Soares, T; Rezende, I; Fontoura, JP; Miranda, V;
Publicação
ENERGIES
Abstract
Hydrogen is regarded as a flexible energy carrier with multiple applications across several sectors. For instance, it can be used in industrial processes, transports, heating, and electrical power generation. Green hydrogen, produced from renewable sources, can have a crucial role in the pathway towards global decarbonization. However, the success of green hydrogen production ultimately depends on its economic sustainability. In this context, this work evaluates the economic performance of a hydrogen power plant participating in the electricity market and supplying multiple hydrogen consumers. The analysis includes technical and economical details of the main components of the hydrogen power plant. Its operation is simulated using six different scenarios, which admit the production of either grey or green hydrogen. The scenarios used for the analysis include data from the Iberian electricity market for the Portuguese hub. An important conclusion is that the combination of multiple services in a hydrogen power plant has a positive effect on its economic performance. However, as of today, consumers who would wish to acquire green hydrogen would have to be willing to pay higher prices to compensate for the shorter periods of operation of hydrogen power plants and for their intrinsic losses. Nonetheless, an increase in green hydrogen demand based on a greater environmental awareness can lead to the need to not only build more of these facilities, but also to integrate more services into them. This could promote the investment in hydrogen-related technologies and result in changes in capital and operating costs of key components of these plants, which are necessary to bring down production costs.
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