Analysing the Potential Economic Value of Energy Storage

Content Provider	Scilit
Author	Flatley, Lisa Giulietti, Monica Grossi, Luigi Trujillo-Baute, Elisa Waterson, Michael
Copyright Year	2016
Description	Journal: SSRN Electronic Journal This paper examines the likely market for electrical energy storage from a market viewpoint, taking market prices as given and determining the extent to which a strategy of arbitrage across the day, buying at the lowest price times at night and selling at the highest times during the early evening, generates profits in the British context. The paper sets out the potential problems as the market moves to absorb increasing amounts of wind, then characterises the nature of prices, which reveals the importance of a strategy in which power is absorbed into store for a relatively few hours of the day and discharged over a relatively few hours. The paper models the ongoing costs of operation and compares them with revenues, but does not consider construction costs. It argues that additional incentives may need to be put into place in order to render storage over relatively longer periods more attractive.
Related Links	http://diposit.ub.edu/dspace/bitstream/2445/131298/1/680282.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2744679
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2744679
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2016-02-23
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Environmental Studies Energy Storage Electricity Markets Market Clearing
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health