气候变化领域集成服务门户(CCPortal): Market strategies for large-scale energy storage: Vertical integration versus stand-alone player

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DOI	10.1016/j.enpol.2021.112169
	Market strategies for large-scale energy storage: Vertical integration versus stand-alone player
	Loisel R.; Simon C.
发表日期	2021
ISSN	03014215
卷号	151
英文摘要	New projects using existing storage technologies such as Pumped Hydro Storage (PHS) face uncertainty due to the lack of clear business models. Market regimes have generally tended to embed storage and generators within the central management of operators with multiple assets such as the French EdF (Electricité de France). By means of back-casting, this study depicts the role of storage in the power market, within the vertical integration in the governance portfolio of EdF. A dynamic algorithm simulates hourly operation under two different storage strategies, daily and weekly, and the results are compared with actual patterns over the period 2015–2019. This reveals missing money for a stand-alone player due to price arbitrage caused by low spread, and missing market opportunities. This suggests that the economics of storage are not driven by spot prices alone, but by other services, such as the energy block provision in support of nuclear power. Differential calculus is used to estimate the value of flows integrating the duration of storage and its seasonality. These findings further support the French regulator to install new PHS despite the lack of profitability, by means of capacity-energy hybrid contracts for new competitors in place of the existing government-industry structure. © 2021 Elsevier Ltd
关键词	Deterministic daily Myopic foresight Pumped hydro energy storage Stand-alone market player Weakly storage optimisation
英文关键词	Calculations; Commerce; Differentiation (calculus); Energy storage; Financial markets; Nuclear fuels; Storage as a service (STaaS); Business models; Dynamic algorithm; Industry structures; Market opportunities; Market strategies; Stand -alone; Storage technology; Vertical integration; Pumped storage power plants; algorithm; energy market; energy storage; governance approach; hydroelectric power; optimization; profitability; France
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/205228
作者单位	Université de Nantes, Lemna (Nantes-Antlantic Economics and Management Lab.), France
推荐引用方式 GB/T 7714	Loisel R.,Simon C.. Market strategies for large-scale energy storage: Vertical integration versus stand-alone player[J],2021,151.
APA	Loisel R.,&Simon C..(2021).Market strategies for large-scale energy storage: Vertical integration versus stand-alone player.Energy Policy,151.
MLA	Loisel R.,et al."Market strategies for large-scale energy storage: Vertical integration versus stand-alone player".Energy Policy 151(2021).