CAES and Utilities Need, by John Strom, Haddington - CAREBS
CAES and Utilities Need, by John Strom, Haddington - CAREBS
CAES and Utilities Need, by John Strom, Haddington - CAREBS
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Hourly Response from <strong>CAES</strong><br />
� Traditional pumped hydro view for<br />
intrinsic value of power storage is<br />
based on buying off peak block <strong>and</strong><br />
selling on peak block<br />
� <strong>CAES</strong> flexibility allows buying of<br />
lowest price hours <strong>and</strong> selling of<br />
highest price hours<br />
Price Price ($/MWh) ($/MWh)<br />
Price Price Price Price $/MWh $/MWh<br />
Intrinsic Value = Avg. On Peak Block – Avg. Off Peak Block<br />
On Peak<br />
Block<br />
Injection/<br />
Compression<br />
(8 hours)<br />
Off Peak<br />
Block<br />
Withdrawal/<br />
Generation<br />
(16 hours)<br />
On Peak<br />
Block<br />
Intrinsic Value = Max. Priced Hours – Min. Priced Hours<br />
Withdrawal/Generation<br />
Injection/Compression<br />
(5 hours)<br />
Value = ��<br />
(4 Hours) Value = ��<br />
��<br />
6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 67 8 9 10 11 12 13 14 15 16 17 18 19 20
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