 Potentials and economics of residential thermal loads providing regulation reserveHe Hao, Borhan M. Sanandaji, Kameshwar Poolla and Tyrone L. Vincent Energy Policy, 2015, vol. 79, issue C, 115-126 Abstract: Residential Thermostatically Controlled Load (TCLs) such as Air Conditioners (ACs), heat pumps, water heaters, and refrigerators have an enormous thermal storage potential for providing regulation reserve to the grid. In this paper, we study the potential resource and economic analysis of TCLs providing frequency regulation service. In particular, we show that the potential resource of TCLs in California is more than enough for both current and predicted near-future regulation requirements for the California power system. Moreover, we estimate the cost and revenue of TCLs, discuss the qualification requirements, recommended policy changes, and participation incentive methods, and compare TCLs with other energy storage technologies. We show that TCLs are potentially more cost-effective than other energy storage technologies such as flywheels, Li-ion, advanced lead acid, and Zinc Bromide batteries. Keywords: Thermostatically controlled loads; Demand response; Frequency regulation; Economic analysis; Regulatory requirements; Recommended policy changes (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:79:y:2015:i:c:p:115-126 DOI: 10.1016/j.enpol.2015.01.013 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
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