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Characterisation and simulated evaluation of electricity management strategies for Prosumers, Prosumagers, and other end-users.
- Source :
-
Technology Analysis & Strategic Management . Sep2024, p1-14. 14p. 2 Illustrations. - Publication Year :
- 2024
-
Abstract
- Distributed photovoltaic generation has been raised as a dependable electricity substitute for implementing a decarbonised energy transition. The dynamics of PV systems with battery storage have led to new electricity end-user classifications that select their electricity systems and resources wisely, i.e. Prosumers and Prosumagers. This work presents a technical and economic assessment to analyse the effect of decision-making independent end-users and electricity management strategies through a novel time-discrete deterministic simulation model. The end-user's choice of battery storage technology and their approach to electricity management emerge as pivotal factors influencing their strategic decisions. Adopting a prosumer strategy, such as storing and selling surplus self-production, reduces the Levelized Cost of Energy (LCOE), benefiting the end-user economically. Notably, the most effective battery storage technology may only sometimes be the one that is most readily available in the market. These findings enhance our understanding of novel end-user types and underscore the practical implications of their evolutionary shift towards independence. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09537325
- Database :
- Academic Search Index
- Journal :
- Technology Analysis & Strategic Management
- Publication Type :
- Academic Journal
- Accession number :
- 179783030
- Full Text :
- https://doi.org/10.1080/09537325.2024.2405138