Sizing Community Energy Storage Systems — Used for Bill Management compared to Use in Capacity and Firm Frequency Response Markets

Elkazaz, Mahmoud; Sumner, Mark; Thomas, David

Abstract

This paper introduces an economic analysis for the optimal sizing of a battery energy storage system (BESS) for use in an Energy Community. The analysis is based on data from a UK community and aims to determine the best size for the BESS to manage the community's electricity bill and enhance the PV self-consumption within the community. The economic study is performed over 20 years. A study is made to determine the financial reward if the community BESS is used instead to participate in UK energy and capacity markets. The results obtained show that investment in BESS for community energy bill management (CEBM) can create the highest internal rate of return (IRR) compared to using the same BESS for capacity/energy market services in the UK.

Citation

Elkazaz, M., Sumner, M., & Thomas, D. (2020, February). Sizing Community Energy Storage Systems — Used for Bill Management compared to Use in Capacity and Firm Frequency Response Markets. Presented at 2020 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT), Washington, DC, USA

• Presentation Conference Type: Edited Proceedings
• Conference Name: 2020 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
• Start Date: Feb 17, 2020
• End Date: Feb 20, 2020
• Acceptance Date: Nov 1, 2019
• Online Publication Date: May 7, 2020
• Publication Date: 2020-02
• Deposit Date: Sep 25, 2020
• Publicly Available Date: Sep 30, 2020
• Pages: 1-6
• Series ISSN: 2472-8152
• Book Title: 2020 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
• ISBN: 9781728131047
• DOI: https://doi.org/10.1109/ISGT45199.2020.9087724
• Public URL: https://nottingham-repository.worktribe.com/output/4923925
• Publisher URL: https://ieeexplore-ieee-org.ezproxy.nottingham.ac.uk/document/9087724
• Additional Information: © 2020 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.