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- W3189338728 abstract "In this paper, the potential of reducing the electricity cost with the help of energy storage and controllable loads on the Russian retail electricity market is studied. The retail electricity market in Russia features different price categories, allowing consumers to reduce expenses with proper planning. Approximately 2/3 of the cost in flexible price categories is for the power consumption in specific hours, with the remaining 1/3 for the energy consumption itself. Because of the continued cost decrease of energy storage devices, they have become an increasingly more attractive investment, opening opportunities for economic savings combined with load shifting, which can occur either in a standalone manner or with the use of energy storage. In this paper, demand shifting is implemented in the Russian retail market, combined with the payback calculation for energy storage." @default.
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- W3189338728 date "2021-06-28" @default.
- W3189338728 modified "2023-09-27" @default.
- W3189338728 title "Demand Response on the Russian Retail Market" @default.
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- W3189338728 doi "https://doi.org/10.1109/powertech46648.2021.9494852" @default.
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