How many energy storage applications have been approved in Cyprus?
The Cyprus Energy Regulatory Authority (CERA) representatives reported establishing a regulatory framework for energy storage in , followed by market rules approval in . The Cyprus Transmission System Operator has received 13 storage applications totaling 224 megawatts capacity, with eight applications processed and five under review.
Why does Cyprus waste so much energy?
AKEL MP Costas Costa characterised Cyprus as “the only country in the world where thousands of megawatt-hours go unused due to lack of centralised green energy storage systems,” adding: “During the day we waste megawatt-hours because we lack storage, and at night we are one step away from blackouts.”
Why are energy storage systems important?
Energy storage systems (ESSs) can help make the most of the opportunities and mitigate the potential challenges. Hence, the installed capacity of ESSs is rapidly increasing, both in front-of-the-meter and behind-the-meter (BTM), accelerated by recent deep reductions in ESS costs.
Will a storage system be installed at Dhekelia Power Station?
Electricity Authority of Cyprus (EAC) Chairman George Petrou announced ongoing tender processes for installing storage systems at the Dhekelia power station, with company proposals expected by month-end. Industry representatives raised concerns about existing programs.
Do prosumers need ESS metering?
Under Gross/net metering, for example, the sell rate is set equal to the retail electricity prices, so prosumers have no reason to install ESS and incur installation and maintenance costs, unless utilities impose limits on authorized hours and the amount of energy sold to the grid .
Can a BTM ESS be used as a reserve capacity?
Historically, it's been accomplished using a reserve capacity in the generation units, which increases costs and affects energy efficiency . However, under aggregation platforms, a large number of BTM ESSs can act as a single entity and be considered as a reserve capacity to provide energy for the network as required [84, 85].
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