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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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    7. Tómasson, Egill & Hesamzadeh, Mohammad Reza & Wolak, Frank A., 2020. "Optimal offer-bid strategy of an energy storage portfolio: A linear quasi-relaxation approach," Applied Energy, Elsevier, vol. 260(C).
    8. Seong-Hyeon Cha & Sun-Hyeok Kwak & Woong Ko, 2023. "A Robust Optimization Model of Aggregated Resources Considering Serving Ratio for Providing Reserve Power in the Joint Electricity Market," Energies, MDPI, vol. 16(20), pages 1-27, October.
    9. Kuznetsov, G.V. & Malyshev, D. Yu & Kostoreva, Zh.A. & Syrodoy, S.V. & Gutareva, N. Yu., 2020. "The ignition of the bio water-coal fuel particles based on coals of different degree metamorphism," Energy, Elsevier, vol. 201(C).
    10. Zakeri, Behnam & Gissey, Giorgio Castagneto & Dodds, Paul E. & Subkhankulova, Dina, 2021. "Centralized vs. distributed energy storage – Benefits for residential users," Energy, Elsevier, vol. 236(C).
    11. Castagneto Gissey, Giorgio & Zakeri, Behnam & Dodds, Paul E. & Subkhankulova, Dina, 2021. "Evaluating consumer investments in distributed energy technologies," Energy Policy, Elsevier, vol. 149(C).
    12. Varela Soares, Ian & Mauger, Romain & Santos, Thauan, 2023. "Considerations for benefit stacking policies in the EU electricity storage market," Energy Policy, Elsevier, vol. 172(C).
    13. Ding, Zhetong & Li, Yaping & Zhang, Kaifeng & Peng, Jimmy Chih-Hsien, 2024. "Two-stage dynamic aggregation involving flexible resource composition and coordination based on submodular optimization," Applied Energy, Elsevier, vol. 360(C).
    14. Zakeri, Behnam & Cross, Samuel & Dodds, Paul.E. & Gissey, Giorgio Castagneto, 2021. "Policy options for enhancing economic profitability of residential solar photovoltaic with battery energy storage," Applied Energy, Elsevier, vol. 290(C).
    15. Familia, Thomas & Horne, Christine, 2022. "Customer trust in their utility company and interest in household-level battery storage," Applied Energy, Elsevier, vol. 324(C).
    16. Ahmed Gailani & Tracey Crosbie & Maher Al-Greer & Michael Short & Nashwan Dawood, 2020. "On the Role of Regulatory Policy on the Business Case for Energy Storage in Both EU and UK Energy Systems: Barriers and Enablers," Energies, MDPI, vol. 13(5), pages 1-20, March.
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    18. 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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