Value of energy storage aggregation to the electricity system

Giorgio Castagneto Gissey, Dina Subkhankulova, Paul E. Dodds and Mark Barrett

Energy Policy, 2019, vol. 128, issue C, 685-696

Abstract: Energy storage offers the flexibility needed to integrate renewable generation into electricity systems. One decentralized option is to install battery packs in homes and offices. Yet storage owners might operate their device autonomously to minimize their own electricity costs, but this could be inefficient from a wider electricity system perspective. Using a novel agent-based power system model, ESMA, we explore the economic trade-offs of aggregator-led (centralized) and consumer-led (decentralized) coordination in the UK over the period 2015–2040. We consider the deployment of storage in the domestic, commercial and industrial sectors.

Keywords: Energy storage; Electricity prices; Electricity price volatility; Aggregator; Scheduling coordination; Regulation; Electricity market policy (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:128:y:2019:i:c:p:685-696

DOI: 10.1016/j.enpol.2019.01.037

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