Complexity Research Events and Forum
Complexity Forum: Lisa Flatley (University of Warwick)
Location: D1.07
Title: Energy storage and its impact on the electricity market
Abstract: Large-scale energy storage has the potential to play an important role in managing our future electricity grid. As such, an understanding of the underlying economics is crucial. In this talk, we develop methods to investigate the behaviour of energy stores which wish to maximise their profits, and their resulting impact on electricity prices. Our work takes into account market impact of storage as well as the dynamics of competing and cooperating stores.