Market Integration of Behind-the-Meter Residential 2 Energy Storage

Bárbara Rodrigues, Miguel F Anjos, Valerie Provost

Research output: Contribution to journalArticlepeer-review

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 yearround
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.
Original languageEnglish
Number of pages49
JournalJournal of Energy Storage
Publication statusAccepted/In press - 18 Sep 2021

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