Utilizing a vanadium redox flow battery to avoid wind power deviation penalties in an electricity market

Abstract

Utilizing a vanadium redox flow battery (VRFB) for better market integration of wind power at a single wind farm level was evaluated. A model which combines a VRFB unit and a medium sized (10 MW) wind farm was developed and the battery was utilized to compensate for the deviations resulting from the forecast errors in an electricity market bidding structure. VRFB software model which was introduced in our previous paper was integrated with real wind power data, power forecasts and market data based on the Spanish electricity market. Economy of the system was evaluated by financial assessments which were done by considering the VRFB costs and the amount of deviation penalty payments resulting from forecast inaccuracies. © 2013 Elsevier Ltd. All rights reserved.