Akademik Veri Yönetim Sistemi
11th International Conference on Smart Grid, icSmartGrid 2023, Paris, Fransa, 4 - 07 Haziran 2023
This paper explores the feasibility and profitability of battery energy storage systems in different countries for arbitrage services. The study utilizes an improved algorithm designed to analyze and optimize battery energy storage systems deployment for energy arbitrage in diverse energy markets. The algorithm considers various factors such as energy prices, demand, battery cycling costs, and efficiency. The analysis focuses on quantifying the arbitrage profit in distinct countries, taking into account their unique energy market structures and electricity price dynamics. The conclusion drawn from this comprehensive study is that energy storage arbitrage facilitated by battery energy storage systems can indeed be profitable. This profitability, however, is contingent on the specific market conditions and regulatory frameworks in different countries. The findings of this paper underscore the potential of battery energy storage systems as a viable and lucrative solution for energy arbitrage, contributing significantly to the evolving discourse on energy storage and grid flexibility.