Journal article
B. Rodrigues, M.F. Anjos, V. Provost
Journal of Energy Storage, vol. 44(Part A), 2021
Journal of Energy Storage, vol. 44(Part A), 2021
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APA
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Rodrigues, B., Anjos, M. F., & Provost, V. (2021). Market integration of behind-the-meter residential energy storage. Journal of Energy Storage, 44(Part A). https://doi.org/10.1016/j.est.2021.103268
Chicago/Turabian
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Rodrigues, B., M.F. Anjos, and V. Provost. “Market Integration of behind-the-Meter Residential Energy Storage.” Journal of Energy Storage 44, no. Part A (2021).
MLA
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Rodrigues, B., et al. “Market Integration of behind-the-Meter Residential Energy Storage.” Journal of Energy Storage, vol. 44, no. Part A, 2021, doi:10.1016/j.est.2021.103268.
BibTeX Click to copy
@article{b2021a,
title = {Market integration of behind-the-meter residential energy storage},
year = {2021},
issue = {Part A},
journal = {Journal of Energy Storage},
volume = {44},
doi = {10.1016/j.est.2021.103268},
author = {Rodrigues, B. and Anjos, M.F. and Provost, V.}
}
Abstract
A new business opportunity beckons with the emergence of prosumers. This article proposes an innovative business model to harness the potential of aggregating behind-the-meter residential storage in which the aggregator compensates participants for using their storage system on an on-demand basis. A bilevel optimization model is developed to evaluate the potential of this proposed business model and determine the optimal compensation scheme for the participants. A realistic Texas case study confirms the year-round profitability of the model, showing that participants could earn on average nearly $1500 per year, and the aggregator could make an average profit of nearly $2000 per participant annually. The case study confirms that the proposed business model has potential, and that the main driver for a successful implementation is a suitable setting of the compensation paid to participants for using their energy storage system.