气候变化领域集成服务门户(CCPortal): On the role of electricity storage in capacity remuneration mechanisms

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DOI	10.1016/j.enpol.2020.112014
	On the role of electricity storage in capacity remuneration mechanisms
	Fraunholz C.; Keles D.; Fichtner W.
发表日期	2021
ISSN	03014215
卷号	149
英文摘要	In electricity markets around the world, the substantial increase of intermittent renewable electricity generation has intensified concerns about generation adequacy, ultimately driving the implementation of capacity remuneration mechanisms. Although formally technology-neutral, substantial barriers often exist in these mechanisms for non-conventional capacity such as electricity storage. In this article, we provide a rigorous theoretical discussion on design parameters and show that the concrete design of a capacity remuneration mechanism always creates a bias towards one technology or the other. In particular, we can identify the bundling of capacity auctions with call options and the definition of the storage capacity credit as essential drivers affecting the future technology mix as well as generation adequacy. In order to illustrate and confirm our theoretical findings, we apply an agent-based electricity market model and run a number of simulations. Our results show that electricity storage has a capacity value and should therefore be allowed to participate in any capacity remuneration mechanism. Moreover, we find the implementation of a capacity remuneration mechanism with call options and a strike price to increase the competitiveness of storages against conventional power plants. However, determining the amount of firm capacity an electricity storage unit can provide remains a challenging task. © 2020 The Authors
关键词	Agent-based simulation Capacity remuneration mechanism Electricity market Electricity storage Energy-only market Market design
英文关键词	Power markets; Capacity auctions; Conventional power plants; Electricity market model; Electricity storages; Future technologies; Generation adequacy; Renewable electricity; Technology neutrals; Electric energy storage; alternative energy; design; electricity generation; electricity supply; energy market; energy storage; numerical model
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205096
作者单位	Karlsruhe Institute of Technology, Chair of Energy Economics, Hertzstraße 16, Karlsruhe, 76187, Germany; Technical University of Denmark, Energy System Analysis Section, Akademivej Building 358, 2800 Kgs. Lyngby, Denmark
推荐引用方式 GB/T 7714	Fraunholz C.,Keles D.,Fichtner W.. On the role of electricity storage in capacity remuneration mechanisms[J],2021,149.
APA	Fraunholz C.,Keles D.,&Fichtner W..(2021).On the role of electricity storage in capacity remuneration mechanisms.Energy Policy,149.
MLA	Fraunholz C.,et al."On the role of electricity storage in capacity remuneration mechanisms".Energy Policy 149(2021).