Feed-in tariffs for promotion of energy storage technologies

Krajačić, Goran and Duić, Neven and Tsikalakis, Antonis and Zoulias, Manos and Caralis, George and Panteri, Eirini and Carvalho, Maria Graça (2011) Feed-in tariffs for promotion of energy storage technologies. = Feed-in tariffs for promotion of energy storage technologies. Energy Policy, 39 (3). pp. 1410-1425. ISSN 0301-4215. Vrsta rada: ["eprint_fieldopt_article_type_article" not defined]. Kvartili JCR: Q1 (2011). Točan broj autora: 7.

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Faster market integration of new energy technologies can be achieved by use of proper support mechanisms that will create favourable market conditions for such technologies. The best examples of support mechanisms presented in the last two decades have been the various schemes for the promotion of renewable energy sources (RES). In the EU, the most successful supporting schemes are feed-in tariffs which have significantly increased utilisation of renewable energy sources in Germany, Spain, Portugal, Denmark and many other EU countries. Despite the successful feed-in tariffs for RES promotion, in many cases RES penetration is limited by power system requirements linked to the intermittency of RES sources and technical capabilities of grids. These problems can be solved by implementation of energy storage technologies like reversible or pumped hydro, hydrogen, batteries or any other technology that can be used for balancing or dump load. In this paper, feed-in tariffs for various energy storage technologies are discussed along with a proposal for their application in more appropriate regions. After successful application on islands and outermost regions, energy storage tariffs should be also applied in mainland power systems. Increased use of energy storage could optimise existing assets on the market. © 2010 Elsevier Ltd.

Item Type: Article (["eprint_fieldopt_article_type_article" not defined])
Keywords (Croatian): Denmark; Dump load; EU countries; Feed-in tariff; Germany; Intermittency; Market condition; Market integration; New energy technologies; Portugal; Power systems; Renewable energy source; Storage technology; Support mechanism; Supporting scheme; Technical capabilities; Commerce; Flywheels; Hydrogen storage; Natural resources; Technology; Renewable energy resources; electricity; energy policy; European Union; renewable resource; technology adoption; Europe
Divisions: 500 Department of Energy, Power Engineering and Environment > 510 Power Engineering and Energy Management Chair
Indexed in Web of Science: Yes
Indexed in Current Contents: Yes
Quartiles: Q1 (2011)
Date Deposited: 21 Apr 2015 11:55
Last Modified: 21 Apr 2016 15:37
URI: http://repozitorij.fsb.hr/id/eprint/3828

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