Competition Effects of Simultaneous Application of Flexibility Options Within an Energy Community
As part of an increased diffusion of decentralized renewable energy technologies, an additional need for flexibility arises. Studies indicate that operating battery storage systems for multiple uses as community electricity storage system (CES) promises superior benefits. This seems decisive, since...
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Published in: | 2018 15th International Conference on the European Energy Market (EEM) pp. 1 - 5 |
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Main Authors: | , , , , |
Format: | Conference Proceeding |
Language: | English |
Published: |
IEEE
01-06-2018
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Subjects: | |
Online Access: | Get full text |
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Summary: | As part of an increased diffusion of decentralized renewable energy technologies, an additional need for flexibility arises. Studies indicate that operating battery storage systems for multiple uses as community electricity storage system (CES) promises superior benefits. This seems decisive, since cheaper flexibility options such as demand response (DR) are more applicable and might further reduce the market size for storage facilities. This research paper aims to analyze the competition effects of CES with simultaneous application of DR. The optimization results of the synthetic case studies provide insights in the profitability level, the service provision and the flexibility potential. While even under requested legal circumstances a CES is only partially profitable, the economic situation improves in terms of an optimal storage utilization. This, however, is reduced through competition effects with DR. |
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ISSN: | 2165-4093 |
DOI: | 10.1109/EEM.2018.8470007 |