Storage optimization in a liberalized energy market

Author

Kádár, Péter

Author_Institution

Dept. of Power Syst., Budapest Tech., Budapest

fYear

2009

fDate

30-31 Jan. 2009

Firstpage

85

Lastpage

88

Abstract

The energy crisis requires more generation capability, and that is why the importance of the storage technologies increases. In the liberalized energy market the energy storage activity, this way of the ldquoenergy speculationrdquo is welcome. In this paper a small scale buy-sale optimization strategy is investigated. In the Budapest Tech a model has been built in the renewable energy park. The strategy could be realized in practice by our small scale pumped storage hydro plant, Fuel cell, wind turbine and PV system.

Keywords

energy storage; fuel cell power plants; hydroelectric power; optimisation; wind turbines; PV system; energy crisis; energy storage; fuel cell; liberalized energy market; pumped storage hydro plant; renewable energy park; storage optimization; wind turbine; Cost function; Energy storage; Floors; Fuel cells; Fuel storage; Hydrogen storage; Power system modeling; Reservoirs; Wind energy generation; Wind turbines; PV; business optimization; energy storage; fuel cell; pumped storage; wind turbine;

fLanguage

English

Publisher

ieee

Conference_Titel

Applied Machine Intelligence and Informatics, 2009. SAMI 2009. 7th International Symposium on

Conference_Location

Herl´any

Print_ISBN

978-1-4244-3801-3

Electronic_ISBN

978-1-4244-3802-0

Type

conf

DOI

10.1109/SAMI.2009.4956614

Filename

4956614