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“Prosumage” and the British electricity market
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eeepinit2.pdf | Published version | 356.03 kB | Adobe PDF | View/Open |
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 Economics Environmental Studies Business & Economics Environmental Sciences & Ecology prosumer electric storage battery solar PV electricity market STORAGE REANALYSIS OUTPUT COSTS WIND |
Publication Status: | Published |
Appears in Collections: | Imperial College Business School Centre for Environmental Policy Grantham Institute for Climate Change Faculty of Natural Sciences |