Crampes, Claude and Trochet, Jean-Michel (2019) Economics of stationary electricity storage with various charge and discharge durations. Journal of Energy Storage, vol. 24 (100746).
This is the latest version of this item.
Text
Download (89kB) |
Abstract
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 high cost of state-of-the-art storage technologies, the current low cost of fossil fuels and low price of carbon emissions.
Item Type: | Article |
---|---|
Language: | English |
Date: | August 2019 |
Refereed: | Yes |
Uncontrolled Keywords: | Storage, Batteries, Energy mix, Shadow price, Charge duration |
JEL Classification: | C4 - Econometric and Statistical Methods - Special Topics C61 - Optimization Techniques; Programming Models; Dynamic Analysis |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Site: | UT1 |
Date Deposited: | 16 Apr 2020 09:35 |
Last Modified: | 26 Nov 2021 14:07 |
OAI Identifier: | oai:tse-fr.eu:122978 |
URI: | https://publications.ut-capitole.fr/id/eprint/32472 |
Available Versions of this Item
-
Economics of stationary electricity storage with various charge and discharge durations. (deposited 23 Jan 2019 13:56)
- Economics of stationary electricity storage with various charge and discharge durations. (deposited 16 Apr 2020 09:35) [Currently Displayed]