LAPSE:2023.6641
Published Article
LAPSE:2023.6641
Profitability of Batteries in Photovoltaic Systems for Small Industrial Consumers in Spain under Current Regulatory Framework and Energy Prices
February 24, 2023
In recent years, important regulatory changes have been introduced in Spain in the fields of self-consumption and energy tariffs. In addition, electricity prices have risen sharply, reaching record highs in the last year. This evidences the need to conduct new research studies in order to provide an accurate picture of the profitability of battery energy storage systems and photovoltaic systems. This paper proposes a complex simulation tool developed to assist in the optimal design of these kinds of facilities. The tool is used in this study to analyze the benefits of including batteries in PV systems under different self-consumption models, different consumer profiles and different locations across the country. The research results indicate that at current electricity prices, the use of batteries is less profitable than selling excess energy to the grid, unless the price of batteries drops drastically by more than 50% in all the cases analyzed. However, at current battery prices, they become a valuable resource in facilities that do not feed energy surplus into the grid.
Keywords
battery energy storage system, industrial buildings, photovoltaic system, self-consumption, Spanish self-consumption regulation, Technoeconomic Analysis
Suggested Citation
Echevarría Camarero F, Ogando-Martínez A, Durán Gómez P, Carrasco Ortega P. Profitability of Batteries in Photovoltaic Systems for Small Industrial Consumers in Spain under Current Regulatory Framework and Energy Prices. (2023). LAPSE:2023.6641
Author Affiliations
Echevarría Camarero F: Galicia Institute of Technology (ITG), 15003 A Coruña, Spain [ORCID]
Ogando-Martínez A: Galicia Institute of Technology (ITG), 15003 A Coruña, Spain [ORCID]
Durán Gómez P: Galicia Institute of Technology (ITG), 15003 A Coruña, Spain
Carrasco Ortega P: Galicia Institute of Technology (ITG), 15003 A Coruña, Spain [ORCID]
Journal Name
Energies
Volume
16
Issue
1
First Page
361
Year
2022
Publication Date
2022-12-28
Published Version
ISSN
1996-1073
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Original Submission
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PII: en16010361, Publication Type: Journal Article
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doi:10.3390/en16010361
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Feb 24, 2023
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