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Organizational and Economic Mechanisms for Promoting Residential Battery Energy Storage Systems in Ukraine

Author

Listed:
  • Galyna Trypolska

    (Sector of Energy Modelling, Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine, Ukraine)

  • Tetiana Kurbatova

    (Department of International Economic Relations, Academic and Research Institute of Business, Economics and Management, Sumy State University, Ukraine)

  • Oleksandra Kubatko

    (Department of Economics, Entrepreneurship, and Business Administration, Academic and Research Institute of Business, Economics and Management, Sumy State University, Ukraine)

  • Gunnar Prause

    (Wismar Business School, Wismar University, 14 Philipp-Müller-Straße, Wismar 23966, Germany, 5Department of Business Administration, Tallinn University of Technology; & Ehitajate tee, Tallinn 12616, Estonia)

  • Maryna Domashenko

    (Department of International Economic Relations, Sumy State University, Sumy, Ukraine)

Abstract

Energy storage technologies are one of the ways to decrease the intermittency of renewable energy such as sun or wind. The article aims to consider the organizational and economic mechanisms of promoting residential battery energy storage systems (R-BESS) in Ukraine, as households have ensured the significant growth of installed capacities of residential PV installations, reaching 1.4 GW by 2024. The energy system of Ukraine faces balancing challenges, and partial covering of the demand for energy by households with the help of R-BESS should be beneficial for the energy system. Using methods of levelized cost of electricity and cost of storing electricity, and based on the projected electricity demand and the number of R-BESS, measures were suggested to stimulate the R-BESS installation. Significant investments are required to employ R-BESS, reaching EUR2024 2.9-3.6 billion by 2050. If the interest rates for loans are subsidized, the expenditures on subsidies will reach only EUR2024 35-44 million, and the households themselves must allocate the remainder of the funds.

Suggested Citation

  • Galyna Trypolska & Tetiana Kurbatova & Oleksandra Kubatko & Gunnar Prause & Maryna Domashenko, 2024. "Organizational and Economic Mechanisms for Promoting Residential Battery Energy Storage Systems in Ukraine," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 501-512, November.
    • Handle: RePEc:eco:journ2:2024-06-49
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Residential Battery Energy Storage System; Renewables; Solar Photovoltaics; Ukraine;
    All these keywords.

    JEL classification:

    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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