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Value of energy storage aggregation to the electricity system

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

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.

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  • Castagneto Gissey, Giorgio & Subkhankulova, Dina & Dodds, Paul E. & Barrett, Mark, 2019. "Value of energy storage aggregation to the electricity system," Energy Policy, Elsevier, vol. 128(C), pages 685-696.
    • Handle: RePEc:eee:enepol:v:128:y:2019:i:c:p:685-696
    DOI: 10.1016/j.enpol.2019.01.037
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    10. István G. Balázs & Attila Fodor & Attila Magyar, 2021. "Quantification of the Flexibility of Residential Prosumers," Energies, MDPI, vol. 14(16), pages 1-21, August.
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