论文标题
使用存储系统对欧洲电力套利的评估
An assessment of European electricity arbitrage using storage systems
论文作者
论文摘要
这项研究根据2019年的欧洲国家样本分析了该业务的当前生存能力；电价（日期市场）和财务状况显示一定程度的异质性的国家。在我们的研究中，我们基本上遵循三个分析的顺序。首先，已经开发了线性混合集成编程模型，以优化样本中每个国家的套利策略。其次，使用优化模型的现金流量，我们计算两个财务指标（NPV和IRR），以便为每个国家 /地区选择最佳转换器大小。根据西班牙监管机构提出的方法，已使用特定于每个国家 /地区的税率和折现率。第三，提出了一个混合线性回归模型，以研究观察到的异质性和未观察到的异质性（在国家层面上）在解释业务盈利能力中的重要性。
This study analyses the current viability of this business based on a sample of European countries in the year 2019; countries where electricity prices (day-ahead market) and financial conditions show a certain degree of heterogeneity. We basically follow a sequence of three analyses in our study. Firstly, a Linear Mixed-Integrated Programming model has been developed to optimize the arbitrage strategy for each country in the sample. Secondly, using the cash-flows from the optimization model, we calculate two financial indicators (NPV and IRR) in order to select the optimal converter size for each country. Tax and discount rates specific to each country have been used with the calculation of this second rate following the methodology proposed by the Spanish regulator. Thirdly, a mixed linear regression model is proposed in order to investigate the importance of observed and unobserved heterogeneity (at country level) in explaining the business profitability.
