The value of arbitrage for energy storage: Evidence from European electricity markets

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• 作者：Dimitrios Zafirakis^a ; ^b ; ^{dzaf@teipir.gr} ; Konstantinos J. Chalvatzis^b ; ^c ; ^{K.Chalvatzis@uea.ac.uk} ; Giovanni Baiocchi^d ; ^{baiocchi@umd.edu} ; Georgios Daskalakis^b ; ^{g.daskalakis@uea.ac.uk}
• 关键词：Pumped hydro storage ; Compressed air energy storage ; Energy trade ; Wholesale market ; Spot price ; Production cost
• 刊名：Applied Energy
• 出版年：2016
• 出版时间：15 December 2016
• 年：2016
• 卷：184
• 期：Complete
• 页码：971-986
• 全文大小：5065 K
• 卷排序：184

文摘

We determine the value of arbitrage for energy storage across European markets. Price-taker pumped hydro and compressed air energy storage are employed. We apply different energy trade strategies and time intervals for a 5-year period. We also associate market characteristics with the value of arbitrage. Strategy selection and sizing directions are given for different-features markets.