Title: A novel business model for aggregating the values of electricity storage
Authors: He, Xian ×
Delarue, Erik
D'haeseleer, William
Glachant, Jean-Michel #
Issue Date: Mar-2011
Series Title: Energy Policy vol:39 issue:3 pages:1575-1585
Abstract: Electricity storage is considered as a valuable source of flexibility with applications covering the whole electricity value chain. Most of the existing evaluation methods for electricity storage are conceived for one specific use of the storage, which often leads to the conclusion that the investment on storage does not pay off. However, the value of storage cannot be properly estimated without taking into account the possibility of aggregating the services that storage can offer to different actors. This paper proposes a new business model that allows aggregating multiple revenue streams of electricity storage in a systematic way. The model consists in coordinating a series of auctions in which the right to utilize the storage unit is auctioned upon different time horizons. In the mean time, non-conflicting usage of storage by the actors in these different auctions is ensured. The functioning of the model is demonstrated by a case study. The results show that a storage unit can achieve higher return on investment in the manner proposed in the business model.
ISSN: 0301-4215
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Applied Mechanics and Energy Conversion Section
× corresponding author
# (joint) last author

Files in This Item:
File Description Status SizeFormat
A novel business model for aggregating the values of electricity storage.pdf Published 596KbAdobe PDFView/Open Request a copy

These files are only available to some KU Leuven Association staff members


All items in Lirias are protected by copyright, with all rights reserved.

© Web of science