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Economics of stationary electricity storage with various charge and discharge durations


  • Crampes, Claude
  • Trochet, Jean-Michel


Electricity storage encompasses a disparate list of technologies such as pumped-storage hydroelectricity, compressed-air energy storage, chemical batteries, and flywheels. These technologies can provide the electricity system with heterogeneous services of energy transfers across months, weeks, days or intra-days, power transfers for an hour, a few minutes or seconds, and can assist operators in load following, frequency control, and uninterrupted power supply. The paper presents a unified economic analysis of these technologies and services. We underline the role of charge and discharge durations as a criterion for economic segmentation of technologies and services. We highlight the complementary value of storage in electricity systems with a high share of low variable cost and low carbon generation (nuclear, hydro, wind power, solar photovoltaic). We also underline the limited substitution value of storage for generation with high variable cost (gas combustion-turbines or gas-oil motor engines), given the cost of state-of-the-art storage technologies and the current relatively low cost of fossil fuels and low carbon pricing.

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  • Crampes, Claude & Trochet, Jean-Michel, 2019. "Economics of stationary electricity storage with various charge and discharge durations," TSE Working Papers 19-985, Toulouse School of Economics (TSE).
  • Handle: RePEc:tse:wpaper:33276

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    References listed on IDEAS

    1. Pindyck, Robert S, 1993. "The Present Value Model of Rational Commodity Pricing," Economic Journal, Royal Economic Society, vol. 103(418), pages 511-530, May.
    2. Dai, Hancheng & Fujimori, Shinichiro & Silva Herran, Diego & Shiraki, Hiroto & Masui, Toshihiko & Matsuoka, Yuzuru, 2017. "The impacts on climate mitigation costs of considering curtailment and storage of variable renewable energy in a general equilibrium model," Energy Economics, Elsevier, vol. 64(C), pages 627-637.
    3. Esteban, Miguel & Zhang, Qi & Utama, Agya, 2012. "Estimation of the energy storage requirement of a future 100% renewable energy system in Japan," Energy Policy, Elsevier, vol. 47(C), pages 22-31.
    4. Crampes, Claude & Moreaux, Michel, 2010. "Pumped storage and cost saving," Energy Economics, Elsevier, vol. 32(2), pages 325-333, March.
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    Cited by:

    1. Stefan Ambec & Claude Crampes, 2019. "Decarbonizing Electricity Generation with Intermittent Sources of Energy," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(6), pages 1105-1134.

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