In this work, we study the profitability of energy storage operated in the Nordic, German, and UK electricity day-ahead markets during 2006-2016. We build a linear optimization model which maximizes profits from arbitraging hourly prices and use the model output of profits and storage cycles in...

The European Union plans to achieve fully liberalized internal electricity markets by 2014. Achieving this ambitious goal is strongly dependent on two factors: national energy policies and transmission networks. The current work focuses on the national policies of three EU states across three...