Energy Storage in Planning, Operations and Wholesale Markets

Session: Modeling and Analysis of Energy Storage Value and Grid Impact Education SessionDate: Tuesday, November 14, 2017 / 1:45PM - 2:45PM ESTTags: wholesale markets / Presentation

This presentation describes a soon to be released white paper by EPRI which examines trends in storage technologies and deployment, participation and impacts on wholesale markets, and the value and viability of storage in the bulk power system. Starting with a review of current market experiences and values, pathways to future deployment are identified. We provide a detailed review of storage in system resource and transmission planning and operations, focusing on the tools and methods required to value energy storage. Based on surveys of the most relevant forecasts for energy storage value, various scenarios are defined to illustrate the how, where and when storage may be deployed. Research needs are identified, including improved accuracy of modeling and valuation tools, integrated T&D modeling and improved system and market operations processes.