Please use this identifier to cite or link to this item:
http://hdl.handle.net/1942/27558
Title: | Steering the adoption of battery storage through electricity tariff design | Authors: | Milis, Kevin Peremans, Herbert VAN PASSEL, Steven |
Issue Date: | 2018 | Publisher: | PERGAMON-ELSEVIER SCIENCE LTD | Source: | RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 98, p. 125-139 | Abstract: | The economic viability of electricity storage using batteries, under different tariff structures and system configurations, is investigated. The economic outcomes of the different combinations of tariff design and system configuration are evaluated. Based on a discussion of the relevant literature, the following tariff designs are used in the study: (i) fixed energy prices, (ii) real-time energy pricing, (iii) fixed rate capacity tariffs, and (iv) capacity dependent capacity tariffs. Next, the different simulated system configurations are outlined: (i) no battery storage, (ii) battery storage only, and (iii) battery storage and decentralized renewable energy production with PV. Our study provides insights for policy makers, showing that capacity block pricing only incentivises storage as part of an (existing) PV installation, while the combination of real time energy pricing and capacity block pricing promotes a wider adoption of battery storage. | Notes: | [Milis, Kevin; Peremans, Herbert; Van Passel, Steven] Univ Antwerp, Fac Appl Econ, Antwerp, Belgium. [Van Passel, Steven] Hasselt Univ, Ctr Environm Sci, Hasselt, Belgium. | Keywords: | Simulation; Policy; Tariff design; Capacity payments; Storage; Optimization;Simulation; Policy; Tariff design; Capacity payments; Storage; Optimization | Document URI: | http://hdl.handle.net/1942/27558 | ISSN: | 1364-0321 | e-ISSN: | 1879-0690 | DOI: | 10.1016/j.rser.2018.09.005 | ISI #: | 000450559100010 | Rights: | © 2018 Elsevier Ltd. All rights reserved. | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2019 |
Appears in Collections: | Research publications |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
milis 1.pdf Restricted Access | Published version | 13.97 MB | Adobe PDF | View/Open Request a copy |
Milis.2019.pdf | Peer-reviewed author version | 2.5 MB | Adobe PDF | View/Open |
SCOPUSTM
Citations
7
checked on Sep 2, 2020
WEB OF SCIENCETM
Citations
21
checked on Oct 12, 2024
Page view(s)
66
checked on Sep 7, 2022
Download(s)
88
checked on Sep 7, 2022
Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.