李龙锡 Comprehensive effectiveness assessment of energy storage incentive mechanisms for PV-ESS project investment based on compound real options
我校英国威廉希尔公司李龙锡老师在T1级别期刊——《Energy》上发表题为“Comprehensive effectiveness assessment of energy storage incentive mechanisms for PV-ESS project investment based on compound real options”。论文第一作者李龙锡为英国威廉希尔公司特任教授。
Abstract /摘要：
MT：目前,光伏储能系统( PV- ESS )尚未实现大规模发展。ESS激励机制对于促进PV- ESS技术扩散的作用得到了强调。因此,为了探索我国合理的ESS激励机制,本文考虑了投资和运营阶段的灵活性和不确定性,建立了复合实物期权模型。综合考虑所有相关利益主体的社会福利,探讨了碳排放交易市场、辅助服务市场、不同ESS激励政策及其协同作用对光伏ESS投资的影响。此外,本文还对扩大ESS投资规模和激励强度进行了敏感性分析。结果表明,电价补贴更有利于光伏发电项目的投资。与没有激励政策的情况相比,投资将提前2年。此外,从社会福利角度来看,三种ESS激励政策组合的效果均优于任何单一ESS政策,项目价值和社会福利分别至少增加3.46和7.99万元。举例说明可为政府和投资者推进光伏储能项目建设提供参考。
原文： Nowadays, the photovoltaic-energy storage system (PV-ESS) has not achieved large-scale development. The role of ESS incentive mechanisms has been emphasized for promoting the diffusion of PV-ESS technology. Therefore, to explore reasonable ESS incentive mechanisms in China, this paper develops a compound real options model by considering the flexibilities and uncertainties of the investment and operational stage. The impact of the carbon emission trading market, auxiliary service market, and different ESS incentive policies and their synergistic actions on PV-ESS investment have been explored by considering the social welfare of all related stakeholders. Moreover, a sensitivity analysis on the scale of expanding the investment and incentive intensity for ESS is conducted. The results show that the electricity price subsidy is more favorable for investing in the PV-ESS project. The investment will be brought forward 2 years compared to the situation without incentive policy. In addition, from the perspective of social welfare, the effects of the combinations of three ESS incentive policies are better than any single ESS policy, and the project value and social welfare increases by at least 3.46 and 7.99 million yuan, respectively. Illustrative examples can provide references for the government and investors in promoting the construction of PV-ESS projects.
论文信息;
Title/题目:
Comprehensive effectiveness assessment of energy storage incentive mechanisms for PV-ESS project investment based on compound real options
Authors/作者:
Li Longxi;Cao Xilin
Key Words /关键词：
MT：Pv - Ess;储能激励机制;复合实物期权;投资决策;社会福利理论
原文：PV-ESS;Energy storage incentive mechanisms;Compound real options;Investment decision;Social welfare theory
Indexed by /核心评价：
SCI;Scopus; AHCI;EI;WAJCI; INSPEC;
Highlights/研究要点
• A compound options model is used to explore investment decisions for PV-ESS projects.;
• The effects of ESS incentive mechanisms are compared based on social welfare theory.;
• The combination of ESS policies is more effective from the view of social welfare.;
• Electricity price subsidy for ESS is more favorable for developing PV-ESS projects.;
• The uncertainties of the electricity price and carbon dioxide price are considered.
DOI：10.1016/J.ENERGY.2021.121902
全文链接：https://www.sciencedirect.com/science/article/pii/S0360544221021502?via%3Dihub
