Potential for Energy Storage in Latvian and Lithuanian Price Area in the Nord Pool Spot

IRES 2016 : 10th International Renewable Energy Storage Conference : Proceedings 2016
Kārlis Baltputnis, Antans Sauļus Sauhats, Oļegs Linkevičs

This paper considers the potential for energy storage in Latvia and Lithuania with a particular focus on electrical energy storage benefiting from price arbitrage. A model to optimize the operation of a generic price-taker storage plant participating in a liberalized market has been created and applied to Kruonis pumped storage plant in Lithuania. The ability of a compressed air energy storage plant to benefit from price spread depending on its size and efficiency has been analyzed as well. The paper is structured as follows: the first section gives a brief overview of the peculiarities of electricity market in Latvia and Lithuania, including a description of currently utilized energy storage options and an overview of compressed air technology; the next chapter describes the mathematical model; the third chapter summarizes the results from the case studies, followed by the conclusions.

Keywords
Energy storage, optimization

Baltputnis, K., Sauhats, A., Linkevičs, O. Potential for Energy Storage in Latvian and Lithuanian Price Area in the Nord Pool Spot. In: IRES 2016 : 10th International Renewable Energy Storage Conference : Proceedings, Germany, Düsseldorf, 15-17 March, 2016. Bonn: EUROSOLAR, 2016, pp.1-10.

Publication language
English (en)