Araştırma Makalesi

Energy Storage and Renewable Energy: An Economic Approach

Cilt: 4 Sayı: 1 31 Mayıs 2018
PDF İndir
TR EN

Energy Storage and Renewable Energy: An Economic Approach

Öz

I consider an economy with fossil fuels, intermittent renewable energy, and energy storage, identify the conditions under which energy storage is optimal, and analyze the long-run tendencies of the economy energy variables. The findings are twofold. First, the amount of energy stored in the economy is highly dependent on the shape of the demand and supply schedules. In particular, energy storage is fostered by the convexity of the marginal utility, the marginal cost function for fossil fuel energy, and the degree of volatility in renewable energy. Second, considering a low level of renewable energy capacity, storing energy is not welfare improving when the unit cost of providing fossil fuel energy is constant. By showing the influence that energy storage can have on energy generation decisions, I believe that the current work can be influential in a more generous treatment of energy supply in future energy-economy models.

Anahtar Kelimeler

Kaynakça

  1. Ambec, S. and C. Crampes (2012). Electricity provision with intermittent sources of energy. Resource and Energy Economics 34 (3), 319–336.
  2. Bobtcheff, C. (2011). Optimal dynamic management of a renewable energy source under uncertainty. Annals of Economics and Statistics/Annales d’Économie et de Statistique (103- 104), 143–172.
  3. Bunn, D. W., C. Day, and K. Vlahos (2000). Understanding latent market power in the electricity pool of england and wales. In Pricing in Competitive Electricity Markets, pp. 103–125. Springer.
  4. Crampes, C. and M. Moreaux (2001). Water resource and power generation. International Journal of Industrial Organization 19 (6), 975–997.
  5. Crampes, C. and M. Moreaux (2010). Pumped storage and cost saving. Energy Economics 32 (2), 325–333.
  6. EIA (2011). International Energy Outlook 2011. Technical report, U.S. Energy Information Administration.
  7. Evans, L., G. Guthrie, and A. Lu (2013). The role of storage in a competitive electricity market and the effects of climate change. Energy Economics 36, 405–418.
  8. Førsund, F. R. (2007). Hydropower Economics. Springer, New York, USA.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Tunç Durmaz *
Yildiz Technical University
0000-0001-5693-3350
Türkiye

Yayımlanma Tarihi

31 Mayıs 2018

Gönderilme Tarihi

16 Ocak 2018

Kabul Tarihi

30 Aralık 2018

Yayımlandığı Sayı

Yıl 2018 Cilt: 4 Sayı: 1

Kaynak Göster

APA
Durmaz, T. (2018). Energy Storage and Renewable Energy: An Economic Approach. Yildiz Social Science Review, 4(1), 15-38. https://izlik.org/JA24CX48TM
AMA
1.Durmaz T. Energy Storage and Renewable Energy: An Economic Approach. YSSR. 2018;4(1):15-38. https://izlik.org/JA24CX48TM
Chicago
Durmaz, Tunç. 2018. “Energy Storage and Renewable Energy: An Economic Approach”. Yildiz Social Science Review 4 (1): 15-38. https://izlik.org/JA24CX48TM.
EndNote
Durmaz T (01 Mayıs 2018) Energy Storage and Renewable Energy: An Economic Approach. Yildiz Social Science Review 4 1 15–38.
IEEE
[1]T. Durmaz, “Energy Storage and Renewable Energy: An Economic Approach”, YSSR, c. 4, sy 1, ss. 15–38, May. 2018, [çevrimiçi]. Erişim adresi: https://izlik.org/JA24CX48TM
ISNAD
Durmaz, Tunç. “Energy Storage and Renewable Energy: An Economic Approach”. Yildiz Social Science Review 4/1 (01 Mayıs 2018): 15-38. https://izlik.org/JA24CX48TM.
JAMA
1.Durmaz T. Energy Storage and Renewable Energy: An Economic Approach. YSSR. 2018;4:15–38.
MLA
Durmaz, Tunç. “Energy Storage and Renewable Energy: An Economic Approach”. Yildiz Social Science Review, c. 4, sy 1, Mayıs 2018, ss. 15-38, https://izlik.org/JA24CX48TM.
Vancouver
1.Tunç Durmaz. Energy Storage and Renewable Energy: An Economic Approach. YSSR [Internet]. 01 Mayıs 2018;4(1):15-38. Erişim adresi: https://izlik.org/JA24CX48TM