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Optimal electricity consumption and storage under short-term renewable supply variability

Author

Listed:
  • Martin Dhaussy

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Nandeeta Neerunjun

    (GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes)

  • Hubert Stahn

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

Abstract

The expansion of intermittent renewable electricity increases supply variability and requires greater flexibility from consumers. This results in welfare losses for agents who are averse to fluctuations. Our model analyzes these welfare consequences by considering short-term and exogenous variability in renewable energy generation. We explore an optimal control problem that determines a welfare-maximizing electricity consumption path by controlling dispatchable energy and storage. This optimization problem identifies three scenarios: no active storage, abundant storage capacities and limited capacities. We then derive an overall consumer welfare function for alternative energy mixes. This allows us to assess the welfare effects of changing the energy mix. In particular, we consider the substitution of dispatchable fossil-fueled energy generation by renewable energy.

Suggested Citation

  • Martin Dhaussy & Nandeeta Neerunjun & Hubert Stahn, 2026. "Optimal electricity consumption and storage under short-term renewable supply variability," Post-Print hal-05802643, HAL.
    • Handle: RePEc:hal:journl:hal-05802643
    DOI: 10.1016/j.jedc.2026.105440
    as

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