Operation of district heat network in electricity and balancing markets with the power-to-heat sector coupling
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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date
2023-03-01
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Language
en
Pages
14
Series
Energy, Volume 266
Abstract
The stochastic nature of renewable energy resources poses a challenge in terms of balancing supply and demand in the power grid, necessitating additional sources of flexibility and balancing services. District heating networks (DHNs) equipped with power-to-heat (P2H) technologies and thermal storage can provide balancing services to the grid. Participation of DHN in a combination of diverse marketplaces to optimize revenue has been understudied. This study proposes a daily routine for the operation of a DHN in multiple energy markets, covering the day-ahead and intraday electricity markets, and various balancing markets. The emphasis is on providing balancing services by the P2H units, while considering their technical constraints of operation. The economic viability of the proposed routine is examined. Results indicate an increase in the operation profits by 1.3–9.7% compared to the total electricity sales, 0.4–3.0% of total heat sales, and 0.3–2.0% net profit in the examined DHN between 2019 and 2021. Given the complexity and uncertainty of future market development, it is critical to be aware of the most influential aspects. Sensitivity analysis indicates that fluctuations in electricity spot prices, fuel prices, and technical constraints of units significantly affect the profit.Description
| openaire: EC/H2020/856602/EU//FINEST TWINS Funding Information: This work has been supported by the European Commission through the H2020 project Finest Twins (grant No. 856602 ) and by the Estonian Centre of Excellence in Zero Energy and Resource Efficient Smart Buildings and Districts ZEBE, grant 2014-2020.4.01.15-0016 funded by European Regional Development Fund. Publisher Copyright: © 2022 The Authors
Keywords
Balancing markets, District heat network, Electricity markets, Heat pump, Renewable energy systems, Techno-economic analysis
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Citation
Javanshir, N, Syri, S, Tervo, S & Rosin, A 2023, ' Operation of district heat network in electricity and balancing markets with the power-to-heat sector coupling ', Energy, vol. 266, 126423 . https://doi.org/10.1016/j.energy.2022.126423