Competitive Energy Storage and the Duck Curve
Power systems with high penetrations of solar generation need to replace solar output when it falls rapidly in the late afternoon—the duck curve problem. Storage is a carbon-free solution to this problem. This essay considers investment in generation and storage to minimize expected cost in a Boiteu...
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| Veröffentlicht in: | The Energy journal (Cambridge, Mass.) Mass.), 2022-03, Vol.43 (2), p.1-16 |
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| container_title | The Energy journal (Cambridge, Mass.) |
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| creator | Schmalensee, Richard |
| description | Power systems with high penetrations of solar generation need to replace solar output when it falls rapidly in the late afternoon—the duck curve problem. Storage is a carbon-free solution to this problem. This essay considers investment in generation and storage to minimize expected cost in a Boiteux-Turvey-style model of an electric power system with alternating daytime time periods, with solar generation, and nighttime periods, without it. In the most interesting cases, if energy market prices are uncapped, all expected cost minima are long-run competitive equilibria, and the long-run equilibrium value of storage capacity minimizes expected system cost conditional on generation capacities. |
| doi_str_mv | 10.5547/01956574.43.2.rsch |
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| identifier | ISSN: 0195-6574 |
| ispartof | The Energy journal (Cambridge, Mass.), 2022-03, Vol.43 (2), p.1-16 |
| issn | 0195-6574 1944-9089 |
| language | eng |
| recordid | cdi_proquest_journals_2629403155 |
| source | Business Source Complete; SAGE Complete A-Z List |
| subjects | Aquatic birds Electric power Electric power systems Energy development Energy storage Pricing Solar energy Storage capacity |
| title | Competitive Energy Storage and the Duck Curve |
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