| Article ID: | iaor20115965 |
| Volume: | 39 |
| Issue: | 7 |
| Start Page Number: | 4189 |
| End Page Number: | 4196 |
| Publication Date: | Jul 2011 |
| Journal: | Energy Policy |
| Authors: | Connolly D, Lund H, Finn P, Mathiesen B V, Leahy M |
| Keywords: | economics |
• Electricity generators typically operate on a market, including energy storage. • This paper assesses how energy storage can maximise its profits on a market. • Four operating strategies are assessed on 13 markets using a case study. • One operating strategy achieves 97% of the profits feasible.• However, the profit varies a lot depending on the market and capital costs.