Historical Annual Revenue Of Energy Storage On European Electricity Markets

Abstract

This dataset provides the optimized annual revenue for 96 generic storage technologies (12 efficiency x 8 discharge duration). It covers 17 European electricity markets for up to 16 years (Austria, AT; Belgium, BE; Switzerland, CH; Czech Republic, CZ; German, DE; Spain, ES; France, FR; Italy, IT; Ireland, IR; Netherlands, NL; Nordpool which includes Denmark, Estonia, Finland, Latvia, Lithuania, Norway, Sweden, NP; Poland, PL; Portugal, PT; Romania, RO; Slovakia, SK; United Kingdom, UK). The optimization is an adaptation of the model presented in Gaudard et al. [2013]. It assumes perfect foresight assumption and a stochastic algorithm. Therefore, the results are an approximation of the maximum rather than the absolute optimum. Further information is provided in Gaudard L. and Madani K., Energy storage race: Has the monopoly of pumped-storage in Europe come to an end?, forthcoming. The following information is provided: Country: Code of the specific market (also the filename) Currency: The currency in which the results are expressed Discharge duration [hours]: The time required to empty at full nominal power a device that is fully charged. Efficiency: Ratio between the amount of discharged and charged energy during a full cycle. Year: From January 1st to December 31st. The given numbers are in euros or GBP per year and normalized to 1kWh of energy storage. This means that for a specific device, the given figures must be multiplied by the volume of energy storage (in terms of kWh). As an example, for an energy device with the efficiency of 0.95, discharge duration of 6h and volume of energy storage of 2000kWh, the revenues in 2003 in Austria would be 9.26 x 2000=18520 euros. For any questions or further requirements, please feel free to get in touch with the authors.