The value of energy storages under uncertain CO2-prices and renewable shares
Research output: Contribution to book/Conference proceedings/Anthology/Report › Conference contribution › Contributed › peer-review
Contributors
Abstract
This paper analyzes the interaction of renewable energy sources, CO2-price and investments in storages. With an electricity market model the German energy system is observed. Therefore three assumed renewable shares, a CO2-price-range and three storage types (namely hourly, daily and seasonal) are included in the analysis. The aim is to assess which type of storage has the highest value under uncertain but crucial frame conditions. It can be shown that an increasing renewable energy share results in a higher marginal values for storage in general. CO2-prices strengthen this effect. Additionally they have a high impact on the conventional power plant mix as well as on the investment in the different storage types.
Details
| Original language | English |
|---|---|
| Title of host publication | 2017 14th International Conference on the European Energy Market (EEM) |
| Publisher | IEEE Xplore |
| ISBN (electronic) | 978-1-5090-5499-2 |
| ISBN (print) | 978-1-5090-5500-5 |
| Publication status | Published - 14 Jul 2017 |
| Peer-reviewed | Yes |
Publication series
| Series | International Conference on the European Energy Market, EEM |
|---|---|
| ISSN | 2165-4077 |
Conference
| Title | 14th International Conference on the European Energy Market |
|---|---|
| Abbreviated title | EEM 2017 |
| Conference number | 14 |
| Duration | 6 - 9 June 2017 |
| Degree of recognition | International event |
| Location | Technische Universität Dresden |
| City | Dresden |
| Country | Germany |
External IDs
| Scopus | 85027173490 |
|---|---|
| ORCID | /0000-0001-7170-3596/work/142241629 |
Keywords
Sustainable Development Goals
ASJC Scopus subject areas
Keywords
- CO-price, Energy storage, Renewable energy sources