Topic: Calculating Savings and Payback Period for an ESS System (Power: 800 kW, Capacity: 1600 kWh)
Case Description:
The use of an Energy Storage System (ESS) with a power of 800 kW and a capacity of 1600 kWh significantly reduces electricity costs by charging batteries at night and during the day when prices are at their lowest and utilizing stored energy during peak hours in the morning and evening. In this case, we will analyze daily savings and the payback period of the project based on current electricity prices in Ukraine in 2024.
Calculations:
1. Night Charging (Cost):
Charging battery capacity: 1280 kWh (80% of total capacity).
Night electricity price: 2.5 UAH/kWh.
Charging cost: 1280 kWh × 2.5 UAH = 3200 UAH.
2. Morning Peak (Savings):
Morning electricity price: 7 UAH/kWh.
Savings per kWh: 7 – 2.5 = 4.5 UAH.
Total savings for the morning cycle: 4.5 × 1280 = 5760 UAH.
3. Evening Peak (Savings):
Evening electricity price: 9 UAH/kWh.
Cost of stored energy (daytime minimum): 1280 kWh × 2 UAH = 2560 UAH.
Savings for the evening cycle: (1280 kWh × 9 UAH) – 2560 UAH = 8960 UAH.
4. Daily Savings:
Morning cycle + Evening cycle: 5760 UAH + 8960 UAH = 14,720 UAH.
5. Annual Savings:
14,720 UAH × 365 days = 5.3 million UAH.
6. Payback Period:
Project cost (turnkey): 27.4 million UAH.
Included in the Project Cost:
- Equipment cost.
- Integration into the existing network.
- Design, installation, configuration, and commissioning.
- Daily Energy Savings: 14,720 UAH.
Payback Period:
27.4 million UAH ÷ 5.3 million UAH ≈ 5.2 years.
Calculations Excluding VAT
Conclusion:
Installing this ESS system enables daily savings of 14,720 UAH. At current tariffs, the system will pay for itself in 5.2 years, which is an attractive timeframe for investment. These calculations are based on current prices and may vary depending on market conditions.