A novel business model for aggregating the values of electricity storage

A novel business model for aggregating the values of electricity storage

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Article ID: iaor20112832
Volume: 39
Issue: 3
Start Page Number: 1575
End Page Number: 1585
Publication Date: Mar 2011
Journal: Energy Policy
Authors: , , ,
Keywords: auctions
Abstract:

  • Aggregation of the benefits of storage is necessary for the cost recovery of storage facilities.
  • The use of storage needs to be coordinated among different actors and upon different time horizons.
  • The aggregation of values of storage can be achieved by implementing an auction chain.
  • The model proposes a viable way to aggregate both regulated and deregulated values of storage.
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