Economic viability of battery energy storage for the provision of frequency regulation service

Battery Energy Storage Systems (BESS) can provide a number of services to the power grid, with various financial potentials. This paper examines the economic viability of BESS providing primary frequency regulation (PFR) services in European markets. The current status of frequency regulation markets of mainland UK (Great Britain) and Central Europe was investigated and a techno-econometric model was developed to examine the economic viability and profitability of each market case. The results show a positive Net Present Value (NPV) for all the examined markets and a high internal rate of return (IRR). The impact of the most influential parameters such as service price and initial capital cost has been examined and analyses. This analysis seeks to inform interested parties about the viability of BESS services and to provide guidelines for future development.

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Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).