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“Prosumage” and the British electricity market

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Title: “Prosumage” and the British electricity market
Authors: Green, RJ
Staffell, IL
Item Type: Journal Article
Abstract: Domestic electricity consumers with PV panels have become known as “prosumers”; some of them also have energy storage and we have named the combination “prosumage”. T he challenges of renewable intermittency could be offset by storing power, and m any engineering st udies consider the role and value of storage which is properly integrated into the ‘smart grid’. Such a system with holistic optimal control may fail to materialise for regulatory, economic, or behavioural reasons. We therefore model the impact of naïve prosumage: households which use storage only to maximise self- consumption of PV, with no consideration of the wider system. We find it is neither economic for arbitrage nor particularly beneficial for shaving peaks and filling troughs in national net demand. The extreme case of renewable self -sufficiency, becoming completely independent of the grid, is still prohibitively expensive in Britain and Germany, and even in a country like Spain with a much better solar resource .
Issue Date: 1-Mar-2017
Date of Acceptance: 30-Jan-2017
URI: http://hdl.handle.net/10044/1/44270
DOI: https://dx.doi.org/10.5547/2160-5890.6.1.rgre
ISSN: 2160-5882
Publisher: International Association for Energy Economics
Start Page: 33
End Page: 49
Journal / Book Title: Economics of Energy and Environmental Policy
Volume: 6
Issue: 1
Copyright Statement: © 2017 by the IAEE. All rights reserved. This paper is an open access article under a Creative Commons Attributions Licence 4.0 (https://creativecommons.org/licenses/by/4.0/)
Sponsor/Funder: Engineering & Physical Science Research Council (EPSRC)
Funder's Grant Number: EP/L014386/1
Keywords: Social Sciences
Science & Technology
Life Sciences & Biomedicine
Environmental Studies
Business & Economics
Environmental Sciences & Ecology
electric storage
solar PV
electricity market
Publication Status: Published
Appears in Collections:Imperial College Business School
Centre for Environmental Policy
Grantham Institute for Climate Change
Faculty of Natural Sciences