Show simple item record

dc.contributor.authorGreve, T.
dc.contributor.authorPollitt, M. G.
dc.date.accessioned2016-08-11T15:25:17Z
dc.date.available2016-08-11T15:25:17Z
dc.date.issued2016-04-25
dc.identifier.otherCWPE1628
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/257160
dc.description.abstractEnergy storage seems set to play a key role in managing and balancing the future electricity system. Storage can act as a generator and as a load, providing both energy and ancillary services such as fast frequency response and operating reserve. Therefore, it can provide the desired flexibility for the network. Current mechanism designs do not take advantage of the full potential of a given storage facility and the auctions used to buy and sell potential storage products have design flaws. This paper gives an overview of how storage products are bought and sold today and the problems of the current designs. It then presents a new mechanism design to integrate storage in the most efficient way, based on social welfare.en
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectElectricity storage
dc.subjectinterconnectors
dc.subjectauctions
dc.titleA VCG Auction for Electricity Storage
dc.typeWorking Paper
dc.identifier.doi10.17863/CAM.1088


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record