Economic Evaluation of Energy Storage used for Reliability Improvement in Distribution Networks

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dc.contributor.affiliationIMDEA Energy/University Carlos III de Madrid
dc.contributor.affiliationIMDEA Energy
dc.contributor.affiliationUniversity Carlos III de Madrid
dc.contributor.authorEscalera, Alberto
dc.contributor.authorProdanovic, Milan
dc.contributor.authorCastronuovo, Edgardo D.
dc.contributor.countrySpain
dc.contributor.countrySpain
dc.contributor.countrySpain
dc.contributor.detailedauthorEscalera, Alberto , IMDEA Energy/University Carlos III de Madrid, Spain
dc.contributor.detailedauthorProdanovic, Milan, IMDEA Energy, Spain
dc.contributor.detailedauthorCastronuovo, Edgardo D., University Carlos III de Madrid, Spain
dc.date.accessioned2019-07-24T12:47:40Z
dc.date.available2019-07-24T12:47:40Z
dc.date.conferencedate3-6 June 2019
dc.date.issued2019-06-03
dc.description.abstractRecent advances in energy storage technologies and their increased deployment in power systems have improved the network flexibility and brought a number of economic benefits. Apart from typical energy storage applications during the network nominal operation, energy storage can significantly improve the quality of service under fault conditions and increase principal reliability indices. However, economic aspects of energy storage operating under these conditions have been seldom studied. This paper addresses the cost-benefit issues of energy storage integration for distribution network reliability improvement purposes. A novel methodology is proposed that calculates both technical and economic reliability indices for a distribution network and then uses them to determine the benefits of energy storage integration. Technical parameters and investment cost of different energy storage technologies are considered. Finally, a benefit-cost ratio index is defined to analyse and quantify the investment proportion that can be recovered by this specific reliability improvement.
dc.description.conferencelocationMadrid, Spain
dc.description.conferencenameCIRED 2019
dc.description.openaccessYes
dc.description.peerreviewedYes
dc.description.sessionPlanning of power distribution systems
dc.description.sessionidSession 5
dc.identifier.isbn978-2-9602415-0-1
dc.identifier.issn2032-9644
dc.identifier.urihttps://cired-repository.org/handle/20.500.12455/698
dc.identifier.urihttp://dx.doi.org/10.34890/923
dc.language.isoen
dc.publisherAIM
dc.relation.ispartProc. of the 25th International Conference on Electricity Distribution (CIRED 2019)
dc.relation.ispartofseriesCIRED Conference Proceedings
dc.titleEconomic Evaluation of Energy Storage used for Reliability Improvement in Distribution Networks
dc.title.number2035
dc.typeConference Proceedings
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