On the economics of electrical storage for variable renewable energy sources
Wolf-Peter Schill () and
EconStor Open Access Articles, 2018, 259-279
The use of renewable energy sources is a major strategy to mitigate climate change. Yet Sinn (2017) argues that excessive electrical storage requirements limit the further expansion of variable wind and solar energy. We question, and alter, strong implicit assumptions of Sinn’s approach and find that storage needs are considerably lower, up to two orders of magnitude. First, we move away from corner solutions by allowing for combinations of storage and renewable curtailment. Second, we specify a parsimonious optimization model that explicitly considers an economic efficiency perspective. We conclude that electrical storage is unlikely to limit the transition to renewable energy.
Keywords: Variable renewable energy sources; Wind; Solar; Energy storage (search for similar items in EconPapers)
JEL-codes: O33 Q21 Q41 Q42 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed
Downloads: (external link)
https://www.econstor.eu/bitstream/10419/200089/1/Z ... ge%20Full%20Text.pdf (application/pdf)
Journal Article: On the economics of electrical storage for variable renewable energy sources (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:200089
Access Statistics for this article
More articles in EconStor Open Access Articles from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().