Analysis of the German Continuous Intraday Market and the Revenue Potential for Flexibility Options

Rominger, Julian; Lösch, Manuel; Steuer, Sebastian; Koper, Katrin; Schmeck, Hartmut

doi:10.1109/eem.2019.8916566

Cited by 3 publications

(3 citation statements)

References 9 publications

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“…Generally, an ingenious service launched into practice by several ISOs e.g., National Grid ESO, is the Fast Frequency Response (FFR) delivered by BESSs and VERs [120]. Flexibility is provisioned in PJM, CAISO and EPEX in day-ahead, intraday, and the intraday continuous market auctions [121].…”

Section: Flexibility Timescalesmentioning

confidence: 99%

A Comprehensive Review on Power System Flexibility: Concept, Services, and Products

et al. 2022

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Massive proliferation of Variable Energy Resources (VERs) in modern power systems has posed a variety of challenges to the reliable operation of the power grid and has, at times, jeopardized the system flexibility. Flexibility is the system's ability to respond to and cope with the imbalances between supply and demand while managing the uncertainty and variability of VERs and maintaining the power system's security and reliability within the acceptable margins. Leveraging the system's available resources and capabilities, the system operators must take strategic actions to mitigate the impacts of VERs on the grid flexibility at a reasonable cost. The concept of flexibility is somewhat novel, which calls for profound studies and analyses to address different aspects of flexibility, but not limited to definition and characterization of standard metrics and indices to measure the power grid flexibility, flexibility-centred operation and planning models for the power grid, etc. This paper provides a comprehensive review of the state-of-the-art research on power system flexibility, including existing definitions and quantification measures, flexible resources, and flexibility products and services in electricity markets.

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Section: Flexibility Timescalesmentioning

confidence: 99%

A Comprehensive Review on Power System Flexibility: Concept, Services, and Products

et al. 2022

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“…Conversely, no charging process can be conducted during a counter-sale (b counter−sale = 1). Equations (10) and (11) show these constraints:…”

Section: Countertradesmentioning

confidence: 99%

“…The studies mentioned above are limited to marketing in the day-ahead and reserve market. Rominger et al [11] point out revenues for intraday trading, but only restricted on flexibilities with constant availability such as stationery storage. Schmidt et al [12] consider prices in the day-ahead market and the intraday auction for EV charging, but is limited to a smart charging process without discharging to the grid.…”

Section: Introductionmentioning

confidence: 99%

Integrating Bidirectionally Chargeable Electric Vehicles into the Electricity Markets

2020

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Replacing traditional internal combustion engine vehicles with electric vehicles (EVs) proves to be challenging for the transport sector, particularly due to the higher initial investment. As EVs could be more profitable by participating in the electricity markets, the aim of this paper is to investigate revenue potentials when marketing bidirectionally chargeable electric vehicles in the spot market. To simulate a realistic marketing behavior of electric vehicles, a mixed integer linear, rolling horizon optimization model is formulated considering real trading times in the day-ahead and intraday market. Results suggest that revenue potentials are strongly dependent on the EV pool, the user behavior and the regulatory framework. Modeled potential revenues of EVs of current average size marketed with 2019 German day-ahead prices are found to be at around 200 €/EV/a, which is comparable to other findings in literature, and go up to 500 €/EV/a for consecutive trading in German day-ahead and intraday markets. For future EVs with larger batteries and higher efficiencies, potential revenues for current market prices can reach up to 1300 €/EV/a. This study finds that revenues differ widely for different European countries and future perspectives. The identified revenues give EV owners a clear incentive to participate in vehicle-to-grid use cases, thereby increasing much needed flexibility for the energy system of the future.

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Adapted pricing scheme for the integration of vehicle-to-grid into the energy system

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Fehrle

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et al. 2021

2021 11th International Electric Drives Production Conference (EDPC)

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Analysis of the German Continuous Intraday Market and the Revenue Potential for Flexibility Options

Cited by 3 publications

References 9 publications

A Comprehensive Review on Power System Flexibility: Concept, Services, and Products

A Comprehensive Review on Power System Flexibility: Concept, Services, and Products

Integrating Bidirectionally Chargeable Electric Vehicles into the Electricity Markets

Adapted pricing scheme for the integration of vehicle-to-grid into the energy system

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