Feed-in tariffs for promotion of energy storage technologies

Faster market integration of new energy technologies can be achieved by use of proper support mechanisms that will create favourable market conditions for such technologies. The best examples of support mechanisms presented in the last two decades have been the various schemes for the promotion of r...

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Veröffentlicht in:Energy policy 2011-03, Vol.39 (3), p.1410-1425
Hauptverfasser: Krajačić, Goran, Duić, Neven, Tsikalakis, Antonis, Zoulias, Manos, Caralis, George, Panteri, Eirini, Carvalho, Maria da Graça
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container_end_page 1425
container_issue 3
container_start_page 1410
container_title Energy policy
container_volume 39
creator Krajačić, Goran
Duić, Neven
Tsikalakis, Antonis
Zoulias, Manos
Caralis, George
Panteri, Eirini
Carvalho, Maria da Graça
description Faster market integration of new energy technologies can be achieved by use of proper support mechanisms that will create favourable market conditions for such technologies. The best examples of support mechanisms presented in the last two decades have been the various schemes for the promotion of renewable energy sources (RES). In the EU, the most successful supporting schemes are feed-in tariffs which have significantly increased utilisation of renewable energy sources in Germany, Spain, Portugal, Denmark and many other EU countries. Despite the successful feed-in tariffs for RES promotion, in many cases RES penetration is limited by power system requirements linked to the intermittency of RES sources and technical capabilities of grids. These problems can be solved by implementation of energy storage technologies like reversible or pumped hydro, hydrogen, batteries or any other technology that can be used for balancing or dump load. In this paper, feed-in tariffs for various energy storage technologies are discussed along with a proposal for their application in more appropriate regions. After successful application on islands and outermost regions, energy storage tariffs should be also applied in mainland power systems. Increased use of energy storage could optimise existing assets on the market. ► Feed-in tariffs will promote development and use of energy storage technologies. ► Energy storage effectively increases RES penetration. ► Pumped Hydro Storage: an efficient solution for RES integration in islands. ► Remuneration of Batteries and Inverters as a service can increase RES Penetration. ► Desalination, apart from water can help in more efficient RES integration.
doi_str_mv 10.1016/j.enpol.2010.12.013
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source RePEc; PAIS Index; Elsevier ScienceDirect Journals
subjects Alternative energy
Alternative energy sources
Applied sciences
Clean technology
Economic data
Electric energy
Electricity generation
Energy
Energy economics
Energy market
Energy policy
Energy resources
Energy storage
Energy. Thermal use of fuels
Europe
Exact sciences and technology
Feed-in tariffs
Feed-in tariffs Energy storage Renewable energy sources
General, economic and professional studies
Islands
Markets
Natural energy
New technology
Power generation
Promotion
Renewable energy sources
Renewable resources
Storage
Storage batteries
Strategic planning
Studies
Tariffs
Transport and storage of energy
title Feed-in tariffs for promotion of energy storage technologies
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