학술논문

Economic Analysis of an Energy Storage System in the Context of Hourly Electricity Spot Price in Brazil
Document Type
Conference
Source
2020 IEEE Power & Energy Society General Meeting (PESGM) Power & Energy Society General Meeting (PESGM), 2020 IEEE. :1-5 Aug, 2020
Subject
Engineering Profession
Power, Energy and Industry Applications
Economics
Wind farms
Reservoirs
Software
Remuneration
Power generation
Load modeling
Pumped-hydro storage
wind energy
economic analysis
hourly electricity spot price
Language
ISSN
1944-9933
Abstract
This paper investigates an economic analysis for a hypothetical existing hybrid energy system consisting of a wind farm and a pumped-storage hydro power plant (PSH). In the simulation, the electricity generated by the wind farm, predominantly at off-peak hours, is stored in the upper reservoir of the hydro power plant and used at peak load moments. The hybrid system is designed using Homer Grid software, and the economic analysis considers different scenarios applying hourly electricity spot prices in Brazil. The results indicates that, nowadays, PSH is not feasible in Brazil due to both the current electricity spot price policy and inadequate forms of ancillary services remuneration.